Abstract
Climate change has become the most urgent social and ecological problem in recent years. Now it has become a self-driving process that causes more and more problems, because it is constantly changing the climate of the different parts of the Earth. Consequently, the natural habitat of local species is diminishing, and this process rapidly decreases biodiversity. This is just one of the reasons why leaders worldwide have decided to stop this process and reverse it back to the initial stages. One of the means of achieving this is to regulate the number of harmful gases the countries can emit. The Emission Trading System was established in the EU to build a legal and supervised structure around this process.
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