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Italian Policies and Measures to Respond to Climate Change
Italian Policies and Measures to Respond to Climate Change

... (CDM) and Emissions Trading (ET) is to exploit the differentials in marginal costs of climate change mitigation between different countries 7. Leaving aside for a moment the specificity of each mechanism, it is interesting to note here that the three Kyoto mechanisms are perfectly “interchangeable”, ...
Carbon Price Forecasts - Parliamentary Commissioner for the
Carbon Price Forecasts - Parliamentary Commissioner for the

... national assigned amount can be disaggregated into individual assigned amount units (AAUs) that provide a right to emit 1 tonne of CO2-e. Thus New Zealand has an initial allocation of 307.6 million AAUs. The Kyoto Protocol specifies that AAUs can be traded such that (in theory)4 New Zealand can sell ...
PDF
PDF

... 3. What is different about agriculture from other ETS covered sectors? 4. What measurement methodologies are currently available, what are their strengths and shortcomings, and how cost-effective are they at farm and institutional scales? 5. What policy instruments are likely to be the best availabl ...
A Global Carbon Market? Michael G. Pollitt
A Global Carbon Market? Michael G. Pollitt

... What would a global carbon market look like? This is an interesting conceptual question. One might imagine that it would involve a single type of emissions permit issued by a global authority and a single global monitoring and enforcement authority. The United Nations Framework Convention on Climate ...
After years of large empty promises among rich countries, the
After years of large empty promises among rich countries, the

... The first of these economic impacts is the Protocol’s spillover effects, most importantly through forms of leakage of emission cuts among participating countries. The effect of measures to reduce GHGs in the participating countries should be to lower the world price of oil and coal and raise the wor ...
UNFCCC and Kyoto Protocol - Training for the State Negotiators on
UNFCCC and Kyoto Protocol - Training for the State Negotiators on

... details of the activities a Party has undertaken to implement the Convention national circumstances vulnerability assessment, financial resources and transfer of technology, and education, training and public awareness Bi-annual reporting on the state of transposition of the environmental EU Directi ...
CDM overview - Capacity Development for the CDM
CDM overview - Capacity Development for the CDM

... December, 1997, in accordance with “Berlin Mandate” of COP-1. • The Protocol will enter into force when not less than 55 Parties to the Convention, accounting for at least 55 percent of the 1990 total CO2 emissions of the Annex 1 Parties, have ratified the Protocol. – US: 34%; Russia: 16%; Japan: 8% ...
Climate Change: Not a Top Priority for Americans
Climate Change: Not a Top Priority for Americans

... 1980-2006 ; EIA, World Per Capita Carbon Dioxide Emissions from the Consumption and Flaring of Fossil Fuels, 1980-2006 . NOTE: Data for countries other than U.S. includes C ...
PDF
PDF

... Quiggin (2012) presents a simple and robust benefit–cost analysis for the determination of a globally optimal target for atmospheric concentrations of carbon dioxide and for the associated carbon price path. The simple benefit– cost framework yields an optimal pair consisting of a carbon price (or mar ...
Three Key Elements of Post-2012 International Climate Policy
Three Key Elements of Post-2012 International Climate Policy

... are expected to continue to grow much faster than U.S. emissions (Blanford, et al. 2008). Even if all of the Annex I countries, including the United States, were to reduce their CO2 emissions to zero by 2030, it would be physically impossible for the world to achieve the frequently ...
North East England Greenhouse Gas Emissions Baselines and
North East England Greenhouse Gas Emissions Baselines and

... • By 2020, there is expected to be little change in total CO 2 equivalent compared to 2005 because reductions from the residential and industrial sector are forecast to be offset by the increase in emissions from other sectors, mainly shipping. • This means that under a ‘business as usual’ scenari ...
The Kyoto Protocol and International Actions
The Kyoto Protocol and International Actions

... emissions required of the United States would likely have been between 20% and 30% below where it would be otherwise by the 2008-2012 commitment period. However, inclusion of greenhouse gas sinks [Greenhouse gases, especially CO2, are absorbed by a number of processes in forests, soils, and other ec ...
Climate Change: Kyoto Protocol and International Actions
Climate Change: Kyoto Protocol and International Actions

... emissions required of the United States would likely have been between 20% and 30% below where it would be otherwise by the 2008-2012 commitment period. However, inclusion of greenhouse gas sinks [Greenhouse gases, especially CO2, are absorbed by a number of processes in forests, soils, and other ec ...
Environmental - Successor-agreement to the extended Kyoto protocol
Environmental - Successor-agreement to the extended Kyoto protocol

... although they didn’t plan to in first place was the establishment of the emission trading. Russia thought of that as a benefit since it has many square miles of forests in its land which would mean a warranty with a higher limit of emissions. The first commitment period took place from 2008 to 2012. ...
A Cost-benefit Analysis of the Australian Carbon Tax
A Cost-benefit Analysis of the Australian Carbon Tax

... suitable for the survival of its inhabitants is a public good. Therefore, It follows that actions taken by any individual that jeopardize the Earth’s role as a public good are the creators of negative externalities. Similar to other public goods, such as protection from criminal activity by the poli ...
Tropical Hydropower is a Significant Source of Greenhouse Gas
Tropical Hydropower is a Significant Source of Greenhouse Gas

... four reservoirs for which Rosa et al. found higher emissions than gas plants range in size from 312 to 2,430 square kilometers – sizes typical of tropical reservoirs. The four projects with lower gross emissions than fossil-fuel plants had reservoirs between 51 and 1,549 km2, again, a typical range ...
IEAGHG Information Paper; 2013-IP31; Drawing Down N2O to Protect
IEAGHG Information Paper; 2013-IP31; Drawing Down N2O to Protect

... through education, extension and outreach, especially to farmers in developing countries; ...
ieta - ghg market sentiment survey
ieta - ghg market sentiment survey

... One result of the economic downturn has been the collapse of international oil prices which hovered between $110/bbl and $115/bbl during the week of the previous report’s launch before hitting an all time high of $147/bbl on 3 July 2008. By late December 2008 these prices had dipped below $40/bbl an ...


... Large reductions in greenhouse gas (GHG) emissions will be required if dangerous and irreversible climate impacts are to be avoided. The UN Framework Convention on Climate Change (UNFCCC) and its Kyoto Protocol provide the basis for international action to address climate change. The UNFCCC objectiv ...
Improving the 5th UK carbon budget
Improving the 5th UK carbon budget

... embody a simple promise: to keep national For more information visit www.sandbag.org.uk or emissions beneath the level proposed by the email us at [email protected] Secretary of State and agreed in parliament. The current byzantine carbon accounting rules are full of loopholes which allow the gove ...
Yes We Can Climate Plan - Green Party of Aotearoa New Zealand
Yes We Can Climate Plan - Green Party of Aotearoa New Zealand

... electricity by 2025. The Green Party believes we can set our sights higher, and achieve 100 percent renewable by 2030.14 Achieving 100 percent renewable would require us to stop burning coal or natural gas for electricity generation. The last coal fired power station is set to close in 201815, so th ...
i3461e01
i3461e01

... crop cultivation, e.g. ploughing, drilling, spreading, etc. ...
Combining multiple climate policy instruments: how not to do it - Working Paper 38 (598 kB) (opens in new window)
Combining multiple climate policy instruments: how not to do it - Working Paper 38 (598 kB) (opens in new window)

... features of both price- and quantity- based instruments in the form of hybrid policies. The essential logic is that a combination of price and quantity instruments can better mimic the shape of the marginal benefit function, which is unlikely to ever be completely flat (like a tax) or completely ver ...
Meeting Carbon Budgets – Implications of Brexit for UK climate policy
Meeting Carbon Budgets – Implications of Brexit for UK climate policy

... The UK, as part of its contribution to international efforts, has made its own commitments to tackling climate change and set these in domestic legislation. The 2008 Climate Change Act sets carbon budgets that require steady progress in reducing greenhouse gas emissions, taking into account a range ...
PDF
PDF

... engender binding and effectual policy measures. Against this background, the United Nations Framework Convention on Climate Change (UNFCCC) was created, which in turn oversaw the ratification of the Kyoto Protocol. This international accord set a detailed roadmap for curbing both carbon dioxide (CO2 ...
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European Union Emission Trading Scheme

The European Union Emissions Trading System (EU ETS), also known as the European Union Emissions Trading Scheme, was the first large greenhouse gas emissions trading scheme in the world, and remains the biggest. It was launched in 2005 to fight Global warming and is a major pillar of EU climate policy. As of 2013, the EU ETS covers more than 11,000 factories, power stations, and other installations with a net heat excess of 20 MW in 31 countries—all 28 EU member states plus Iceland, Norway, and Liechtenstein. The installations regulated by the EU ETS are collectively responsible in 2008 for close to half of the EU's anthropogenic emissions of CO2 and 40% of its total greenhouse gas emissions. The taxation of electricity producers (power stations) for the emissions of CO2 has been controversial as globally, governments have refused to accept the additional burden while many have repealed such schemes such as Canada in 2011 and Australia in 2014.Under the 'cap and trade' principle, a maximum (cap) is set on the total amount of greenhouse gases that can be emitted by all participating installations. 'Allowances' for emissions are then auctioned off or allocated for free, and can subsequently be traded. Installations must monitor and report their CO2 emissions, ensuring they hand in enough allowances to the authorities to cover their emissions. If emission exceeds what is permitted by its allowances, an installation must purchase allowances from others. Conversely, if an installation has performed well at reducing its emissions, it can sell its leftover credits. This allows the system to find the most cost-effective ways of reducing emissions without significant government intervention.The scheme has been divided into a number of ""trading periods"". The first ETS trading period lasted three years, from January 2005 to December 2007. The second trading period ran from January 2008 until December 2012, coinciding with the first commitment period of the Kyoto Protocol. The third trading period began in January 2013 and will span until December 2020. Compared to 2005, when the EU ETS was first implemented, the proposed caps for 2020 represents a 21% reduction of greenhouse gases. This target has been reached 6 years early as emissions in the ETS fell to 1812 mln tonnes in 2014.The EU ETS has seen a number of significant changes, with the first trading period described as a 'learning by doing' phase.Phase III sees a turn to auctioning a majority of permits rather than allocating freely; harmonisation of rules for the remaining allocations; and the inclusion of other greenhouse gases, such as nitrous oxide and perfluorocarbons. In 2012, the EU ETS was also extended to the airline industry, though this has been paused for one year given the possibility of a global system for these emissions. The price of EU ETS carbon credits has been lower than intended, with a large surplus of allowances, in part because of the impact of the recent economic crisis on demand. In 2012, the Commission said it would delay the auctioning of some allowances. Currently legislation is under way which would introduce a Market Stability Reserve to the EU ETS that adjusts the annual supply of CO2 permits based on the CO2 permits in circulation
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