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Using Carbon Sequestration Projects to Offset
Using Carbon Sequestration Projects to Offset

... carbon storage potential based on principles of soil sciprogram, which is critical to any carbon market. The ence, silviculture, and forest ecology). Through consultaU.S. experience with acid rain and other trading protion, FSI can estimate the land’s carbon budget by analyzgrams will guide the deve ...
Section 733(b) (page 185) - American Public Power Association
Section 733(b) (page 185) - American Public Power Association

... allowances are phased out (declining by seven percentage points each year) by 2030. (The allocation percents are higher in 2012-2015 because the total cap is lower, as the industrial and natural gas LDC sector are not subject to the cap until 2014 and 2016, respectively.) Electric sector allowances ...
Carbon Geography: The Political Economy of Congressional
Carbon Geography: The Political Economy of Congressional

... that emissions be held on average near the present level of seven billion tons of carbon per year over the next 50 years, even though they are currently on course to more than double.”2 Since carbon dioxide will increase for at least the next decade or longer, this means that future emissions, e.g. ...
Russia`s greenhouse gas target 2020
Russia`s greenhouse gas target 2020

... There are many ways of looking at future emissions trends. With scenarios based solely on Russia’s GHG emissions trend from 2009 to 2011,10 the goal looks unattainable, because that period gives the impression that emissions are growing fast and are likely to exceed the target by 2020. Overall, GHG ...
Ambiguity in Australian emissions markets
Ambiguity in Australian emissions markets

... pessimistic view exacerbating these swings. They also suggest that both herd and contrarian behaviour can be rational for informed traders when their market is affected by ambiguity, i.e. there are situations where it is rational for informed traders not to trade. 2.2 Bid-Ask Spread, Volume and Pri ...
Metropolitan Washington Council of Governments: COG Home
Metropolitan Washington Council of Governments: COG Home

... (CO2, CH4, N2O, HFCs, PFCs, SF6) in the atmosphere – Consistent with cumulative approach underlying the statutory language – “Air pollution " is not defined under the CAA. Thus, we have discretion to adopt any reasonable/permissible interpretation, whether it be a definition of “air pollution” as a ...
3.7 Greenhouse Gas Emissions and Climate Change
3.7 Greenhouse Gas Emissions and Climate Change

... contribute to the GHG pollution that threatens public health and welfare. ...
implications of long-term scenarios for medium
implications of long-term scenarios for medium

... The greenhouse gas emission reduction range of 40% to 70% by 2050, which is often quoted from the IPCC report, is not only due to uncertainty about technology performance or the climate system, but is also a reflection of policy choice. Scenarios that avoid net negative CO2 emissions show emission r ...
Carbon Emissions and Economic Growth
Carbon Emissions and Economic Growth

... by human (economic) activity.1 In its fifth assessment report, the Intergovernmental Panel on Climate Change (IPCC 2014) predicts that in a business-as-usual scenario the mean global surface temperature will increase by 4oC or more above pre-industrial levels by the end of 21st century (Collins et a ...
0915 Reporting through CDP - Verduzco (Chevron)
0915 Reporting through CDP - Verduzco (Chevron)

... of financial reporting published by the International Accounting Standards Board (IASB). – Chapter 4- Requirements for Disclosure Content-. Requirements are very similar to the CDP questionnaire, including information about governance, greenhouse gas emissions, risks and opportunities, management ac ...
The Fifth Carbon Budget – The next step towards a low
The Fifth Carbon Budget – The next step towards a low

... international shipping, over the period 2028-2032. That would limit annual emissions to an average of 57% below 1990 levels, consistent with the cost-effective path to the 2050 target in the Climate Change Act. This balances the range of factors the Committee must consider and requires that the UK c ...
Oil Sands and Climate Change
Oil Sands and Climate Change

... costs.23 These two projects are currently expected to store 2.8 Mt of CO2 annually.24 While in principle CCS could be applied at several different stages in the bitumen extraction and upgrading phases, the cost of capturing emissions from many of the sources will be prohibitive unless governments ar ...
Increasing Participation and Compliance in International Climate Change Agreements* SCOTT BARRETT
Increasing Participation and Compliance in International Climate Change Agreements* SCOTT BARRETT

... of reducing greenhouse gas emissions by industrialized countries (the so-called Annex I countries)2 to their 1990 levels by the year 2000. Signed initially by 161 nations, the FCCC entered into force in January, 1994 after being ratified by 50 countries (including the United States). Today, the FCCC ...
12 International climate change agreements What is covered in this chapter?
12 International climate change agreements What is covered in this chapter?

... Why the USA pulled out of Kyoto The USA agreed with the agreement reached in Kyoto in December 1997 after Vicepresident Al Gore came personally to Kyoto to instruct the US negotiators to be more accommodating on the reduction targets for GHG emissions. As a result the USA agreed to reduce its emissi ...
Manitoba`s Larger Emitters - International Institute for Sustainable
Manitoba`s Larger Emitters - International Institute for Sustainable

... June 2015 ...
1. Introduction
1. Introduction

... local GHG emissions (ICLEI 2000). Members also commit to passing through a series of five “milestones” designed to help them control those emissions. These include conducting an emissions analysis to establish a baseline, selecting a reduction target then developing and implementing a plan to achiev ...
countryside council for wales
countryside council for wales

... Inter-Agency Climate Change Forum recent assessment of the total global warming potential (GWP) effect of rewetting and restoring wetlands, based on Europe’s largest wetland restoration project in Belarus, has shown an initially very high level of methane emissions and low C sequestration rate resu ...
Developing countries call for historical responsibility as basis for
Developing countries call for historical responsibility as basis for

... may seem impossible. For developing countries it may seem impossible to achieve development while maintaining their current, low per-capita level of emissions (often below 2 tonnes per capita (“tpc”)). For developed countries it may seem impossible to go beyond carbon neutral to address their histor ...
Junk Mail`s Impact on Global Warming
Junk Mail`s Impact on Global Warming

... our planet is warming at an unsustainable rate. Taking on climate change is going to require some hard choices. But there’s one choice we can make that won’t be hard at all: getting rid of junk mail that we never wanted in the first place. This report reveals one of the most appalling and little-kno ...
The Case for a Carbon Tax in Canada
The Case for a Carbon Tax in Canada

... However Canadian domestic action has so far fallen significantly short of international promises, such that Canada has failed to achieve its prior commitments, including at the World Conference on the Changing Climate and the Kyoto Protocol. Its recent commitment, made at the Copenhagen United Natio ...
Analysis of Transportation Strategies for Reducing Green House
Analysis of Transportation Strategies for Reducing Green House

... Combinations of GHG reduction strategies can achieve reductions Some strategies are effective in achieving near-term reductions, reducing the cumulative GHG challenge in later years Investments in land use and improved travel options involved longer timeframes but would have enduring benefits ...
Carbon Credit 30 Dec 2013
Carbon Credit 30 Dec 2013

... These targets are expressed as levels of allowed emissions, or “assigned amounts,” over the 2008-2012 commitment period. The allowed emissions are divided into “assigned amount units” (AAUs). • Emissions trading, as set out in Article 17 of the Kyoto Protocol, allows countries that have emission uni ...
AN OVERVIEW OF GLOBAL GREENHOUSE GAS EMISSIONS AND
AN OVERVIEW OF GLOBAL GREENHOUSE GAS EMISSIONS AND

... this study takes a small cross-section. Which sectors contribute to emissions reductions and by how much depends heavily on the level of reduction sought (e.g. to limit atmospheric CO2 levels to 450ppm, 550, 650 or some other value), which can also be expressed in terms of the future price of CO2 (m ...
A U.S.-centric Chronology of the International Climate Change Negotiations Jane A. Leggett
A U.S.-centric Chronology of the International Climate Change Negotiations Jane A. Leggett

... his successor, President George W. Bush. Newly elected President Bush announced in 2001 that the United States would oppose the agreement because it did not include GHG commitments by other large emitting (developing) countries and because of his conclusion that it would cause serious harm to the U. ...
III. Mitigation of Climate Change: Summary for Policy Makers
III. Mitigation of Climate Change: Summary for Policy Makers

... Box SPM.1: The emission scenarios of the IPCC Special Report on Emission Scenarios (SRES) A1. The A1 storyline and scenario family describes a future world of very rapid economic growth, global population that peaks in mid-century and declines thereafter, and the rapid introduction of new and more e ...
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Emissions trading



Emissions trading or cap and trade (""cap"" meaning a legal limit on the quantity of a certain type of chemical an economy can emit each year) is a market-based approach used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants. Various countries, groups of companies, and states have adopted emission trading systems as one of the strategies for mitigating climate-change by addressing international greenhouse-gas emission.A central authority (usually a governmental body) sets a limit or cap on the amount of a pollutant that may be emitted. The limit or cap is allocated and/or sold by the central authority to firms in the form of emissions permits which represent the right to emit or discharge a specific volume of the specified pollutant. Permits (and possibly also derivatives of permits) can then be traded on secondary markets. For example, the EU ETS trades primarily in European Union Allowances (EUAs), the Californian scheme in California Carbon Allowances, the New Zealand scheme in New Zealand Units and the Australian scheme in Australian Units. Firms are required to hold a number of permits (or allowances or carbon credits) equivalent to their emissions. The total number of permits cannot exceed the cap, limiting total emissions to that level. Firms that need to increase their volume of emissions must buy permits from those who require fewer permits.The transfer of permits is referred to as a ""trade"". In effect, the buyer is paying a charge for polluting, while the seller gains a reward for having reduced emissions. Thus, in theory, those who can reduce emissions most cheaply will do so, achieving the pollution reduction at the lowest cost to society.There are active trading programs in several air pollutants. For greenhouse gases the largest is the European Union Emission Trading Scheme, whose purpose is to avoid dangerous climate change. Cap and trade provides the private sector with the flexibility required to reduce emissions while stimulating technological innovation and economic growth. The United States has a national market to reduce acid rain and several regional markets in nitrogen oxides.
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