Emissions trading

gas emissions have continuously risen not only due to natural activity but human as well; there is a strong relationship between anthropogenic factors and global climate change. The Intergovernmental Panel on Climate Change has estimated that average global temperatures will rise 1.4-5.8 C by 2100 if greenhouse gas emissions continue to increase (York, 2005). A call for action was necessary so the UNFCCC began to discuss the Kyoto Protocol in 1997. One of its main goals was to reduce emissions…

Clean Water Action Plan’s watershed approach helps facilitate emission trading between point and non-point sources of water pollution. Emission trading programs can further provide incentives for companies to innovate new technologies and save states’ administrative costs when companies reduce their pollution emission. Although there are still legal and practical obstacles proposed by the EPA that need to be solved, the effluence trading programs show that water quality is improved effectively.…

Australia’s climate change policy Like other countries, Australia has drawn on a wide range of measures for reducing its greenhouse gas emissions. Since the late 1980s, climate change policies have been introduced at all levels of government. Climate change policies began with voluntary schemes such as energy labelling (initially in New South Wales and Victoria from 1986) and the national Greenhouse Challenge Program for industry from 1995. Energy labelling was made mandatory from 1992 and…

Externalities require two parties by default so property rights can be with either. The Coase theorem states that “by establishing clear property rights efficiency is achieved regardless of the initial assignment of property rights through trading.” Dassiou (2016 slide ). The Coase theorem however is not valid in the case of transaction costs as it will not work. Transaction costs are expenses incurred when buying or selling a good or service. They come with many different problems including…

America’s dependence on petroleum and other oils. Electric cars are cleaner than standard cars because they don’t produce as much pollution. For example, they produce no emissions from the tail pipe while driving or while parked. Although gas powered car shave majorly reduced in carbon dioxide emissions, they still produce more emissions than an electric car. Some people say electric cars have harsher consequences…

called the Kyoto Protocol. It took only one year for members of the UNFCCC to decide that there needed to be stricter demands for reducing gas emissions (UNFCCC, 2014). This Protocol was designed to reduce the emissions of gases that contribute to global warming. Given that, there were 41 countries plus the European Union who agreed to reduce emissions of six greenhouse gases by 5.2 percent. This period was called the “commitment period”, which ran from 2008 – 2012. With this intention, it…

Climate change is an extraordinarily important problem, and requires immediate and radical government intervention on the sources of greenhouse gas emissions. Climate change’s effects are already being felt around the globe in the form of coral bleaching, erratic and extreme precipitation and weather patterns, rising sea levels, arctic ice melt, and unprecedented record temperatures. If mitigation efforts are not implemented, it will impose epoch-making impacts geographically, environmentally,…

Climate change is a change in climate and carbon emissions is the carbon dioxide emitted from automobiles. Carbon emissions have been devastating to the planet. The oceans have been rising for years and the water might rise an additional one-four feet by the end of the 21st century. When the sea rises, homes are flooded, which can displace several people. Furthermore, the oceans will continue to rise since the cool skin layer of the ocean becomes warmer and less heat escapes the ocean.…

positive impacts of carbon tax implementation, it promotes the development of renewable energy. The carbon tax revenue can be allocated to subsidize the environmental protection projects or the technological development to promote energy saving and emission reduction. However, as Lin and Li (2011) point out, one of the drawbacks of this policy is that the tax enforcement increases the price of related products. For example, industries use machines in production, and the machines are driven by…

the Kyoto Protocol in reducing Greenhouse Gas Emissions What is climate change and what is the Kyoto Protocol? Climate change is believed to be the consequence of the steady and substantial release of greenhouse gases (GHGs) caused by humans since the industrial revolution. These GHGs are scientifically agreed upon to have led to an increase in average global temperatures (IPCC, 2014). The increasing global temperatures associated with GHG emissions is predicted to have a number of global…