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Carbon impact - Electricity North West
Carbon impact - Electricity North West

... project emissions accounting. This sets out principles in general for accounting for the impact of defined activities, rather than businesses and organisations as a whole, which will guide development of the methodology. Numerous examples of project based calculations of this type are found in the p ...
Carbon Accounting and Management
Carbon Accounting and Management

... Scope 1 - Direct emissions Direct emissions resulting from activities within the organisation‟s control. Includes on-site fuel combustion, manufacturing and process emissions, refrigerant losses and company vehicles. Scope 2 - Indirect emissions: electricity and heat Indirect emissions from electric ...
Financial Implications of Direct Bank Lending and Carbon Emissions
Financial Implications of Direct Bank Lending and Carbon Emissions

... Governmental entities issuing DBPs are not subject to public disclosure requirements when taking on debt in the form of direct bank loan. As privately-offered loans, these products do not meet the definition of a municipal security under the SEC rules, and, therefore, are exempt from Rule 15c2-12. A ...
The Partnership for Market Readiness
The Partnership for Market Readiness

... • Reduce emissions by 36.1%-38.9% below BAU by 2020 as part of voluntary commitment. • Mitigation plan covers forestry, agriculture, energy, iron, steel & other industry, transportation, mining & building sectors. ...
The Path to Carbon Neutrality – CEIBS
The Path to Carbon Neutrality – CEIBS

... the burden of emission reduction. The first world, that is responsible for global warming, shifts the responsibility on to the third world. Annex B countries reduce their emissions with a market based mechanism called cap-and-trade emissions trading scheme. The government distributes a certain amoun ...
Lessons from the Kyoto Protocol: Implications for the Future Cédric Philibert
Lessons from the Kyoto Protocol: Implications for the Future Cédric Philibert

... agreements to tackle climate change. The Kyoto Protocol’s main strength may lay in its emissions trading feature—a key for cost-effectiveness, environmental effectiveness, and equity. Its main weakness may lay in the incapacity of Kyoto-type targets to deal with the uncertainties surrounding climate ...
Executive Summary
Executive Summary

... scenarios have several implications compared to leastcost scenarios, including: (i) much higher rates of global emission reductions in the medium term; (ii) greater lock-in of carbon-intensive infrastructure; (iii) greater dependence on certain technologies in the medium-term; (iv) greater costs of ...
PDF
PDF

... homogeneous with respect to the country of origin and destination and to the physical characteristics of the product. Therefore commodities are perfect substitutes in consumption in international markets. Based on these assumptions, the model is built as a non-spatial model, which emphasizes the net ...
The legacy of the Kyoto Protocol: a view from
The legacy of the Kyoto Protocol: a view from

... emission intensity of energy supply, energy use, transport, buildings, industrial processes, agriculture, and forestry. These policies were introduced partly to achieve KP emission reduction targets or develop CDM projects, partly because of other economic reasons.10–12 Financial support to developi ...
Legislative and Policy Initiatives Concerning Global
Legislative and Policy Initiatives Concerning Global

... currently underway, for considering the commitments of the Annex I Parties to further greenhouse gas emissions. The Kyoto Protocol has been ratified by 168 countries. Of these countries, 35 are Annex I Parties subject to mandatory emission reduction requirements under the Protocol. Developing count ...
Switzerland
Switzerland

... Base year for gases covered: all 1990 (not relevant where reference level is applied) Sectors covered: energy; industrial processes and product use; agriculture; land-use, land-use change and forestry; waste Switzerland supports the inclusion of international aviation and shipping on the basis of fu ...
The scientific case for a cumulative carbon budget
The scientific case for a cumulative carbon budget

... we are prepared to accept of failing to meet the goal, and on what happens to non-CO2 warming, but to have even a modest chance of meeting the 2ºC goal, total anthropogenic CO2 emissions over the entire anthropocene must be less than one trillion tonnes of carbon (3.7 trillion tonnes of CO2), well o ...
Decision 1/CMP.6 The Cancun Agreements: Outcome of the work of
Decision 1/CMP.6 The Cancun Agreements: Outcome of the work of

... contained in chapter III of document FCCC/KP/AWG/2010/CRP.4/Rev.4; (c) Measures to reduce greenhouse gas emissions and to enhance removals resulting from anthropogenic land use, land-use change and forestry activities shall continue to be available to Annex I Parties as a means to reach their quanti ...
Further action needed on carbon pricing
Further action needed on carbon pricing

... 3. Coverage should be as broad as possible Carbon pricing systems should cover as large a share of economy-wide GHG emissions as possible so market participants can identify the least costly ways of reducing emissions and to avoid policy privileging certain industries or sectors. In Canada, full and ...
Reducing Global Carbon: Creating an American Policy
Reducing Global Carbon: Creating an American Policy

... Issues. One of the major issues that affected the EU ETS in its first stages was the overallocation of emissions credits, due to a variety of factors. First, the cap on emissions did not really force producers to change their production processes to reduce emissions, as it was not set low enough. Th ...
After Kyoto: A Global Scramble for Advantage
After Kyoto: A Global Scramble for Advantage

... 1990 the Annex I countries, with the United States leading, produced roughly 64 percent of all greenhouse gases, which then totaled 6 billion tons annually.3 The developing countries, led by China, produced the remaining 36 percent. Forecasts of emissions for the year 2015 place total emissions at 8 ...
Scottish Government specification for CCC advice on the Scottish
Scottish Government specification for CCC advice on the Scottish

... The current Act does not allow for any modification of the 2050 target. The Act allows for the amendment, by order, of the interim 2020 target – provided that this is made more ambitious. The Act allows for the amendment, by order, of annual targets – provided that the advice of the CCC is sought an ...
PPT - Global Carbon Project
PPT - Global Carbon Project

... Clare Enright (Tyndall Centre for Climate Change Research, University of East Anglia, Norwich, United Kingdom) Pierre Friedlingstein (University of Exeter, United Kingdom) Chris Huntingford (Centre for Ecology and Hydrology (CEH), United Kingdom) Atul Jain (Department of Atmospheric Sciences, Univer ...
PowerPoint-presentation
PowerPoint-presentation

... Basic principles (1): • All countries should participate • No poor country shall be denied its right to economic ...
Constructing Carbon Market Spacetime: Climate change and the
Constructing Carbon Market Spacetime: Climate change and the

... considerable infrastructure. The primary source of reductions which can offset carbon emissions from regulated facilities is the Clean Development Mechanism (CDM). CDM carbon projects must demonstrate that the planned offsets are financially and environmental additional, that they would not occur wi ...
DRAFT Concept paper annotated outline EC
DRAFT Concept paper annotated outline EC

... emission reduction opportunities, and provides nations with timely and quantified guidance on progress towards their emission reduction strategies and pledges (e.g., NDCs). This Concept Paper describes a strategic progression of confidence-building steps of near-, mid-, and long-term objectives and ...
Common Misconceptions in the Climate Change Debate
Common Misconceptions in the Climate Change Debate

... that of Australia. It was summarised by a Norwegian delegate: Parties should take their share of the burden in proportion to their relative contribution to the climate change problem. Those who currently emit more than their fair share should thus contribute more. Also, Parties that have greater cap ...
FACT SHEET Carbon pricing Key points
FACT SHEET Carbon pricing Key points

... Interaction of carbon taxes and a cap-and-trade scheme is also worth noting. The European Union set up a regional-based cap-and trade scheme (EU Emissions Trading System, or EU ETS) but carbon and energy taxes are applied with different schemes and designs at the national levels.16 As of 2012, Austr ...
Gains from (Cap and) Trade
Gains from (Cap and) Trade

... auction, inter-firm trading and carbon offsets. An emission allowance is equal to 1 metric ton of CO2 equivalent, and the most recent price floors in Quebec and California are reported at CAD $11.393 and US $11.484 per allowance, respectively.5 Under WCI rules, governments can freely distribute allo ...
Range of reductions for Annex 1
Range of reductions for Annex 1

... • To avoid some of the most extreme impacts of climate change, increase in global mean temperature needs to be limited to no more than 2 – 3 deg C • This requires stabilisation below about 560 ppm CO2e ...
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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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