Join Kiran Thomas as we explore the complex world of carbon markets, examining how the UK and China are using cap-and-trade systems to reduce greenhouse gas emissions. From the intricacies of compliance and voluntary markets to the challenges of balancing economic growth with environmental protection, this episode breaks down how these systems work and what they mean for the future of climate action. Can carbon markets truly help us tackle climate change, or do they risk falling short? Tune in to find out.