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Impact of Climate Change on Transportation Funding Paper
Impact of Climate Change on Transportation Funding Paper

... The European Union Greenhouse Gas Emission Trading Scheme (EU ETS) began in January 2005 as the largest multi-country, multi-sector greenhouse gas emission trading scheme worldwide. It is also the first international trading system for CO2 emissions in the world. It covers over 11,500 energy-intensi ...
IEEE Bulletin ~ June-July-August
IEEE Bulletin ~ June-July-August

... permits in order to pollute. The idea was to use market forces to reach the EU’s target of reducing greenhouse gases by 40 percent compared to 1990 levels by 2030. But the economic crisis produced a glut of permits. Prices are around €6-8 per ton of CO2 equivalent, well below the original aim of €3 ...
Climate Change AEBN speech
Climate Change AEBN speech

... Climate change AEBN Caltex speech 270208.ppt ...
Y11GeUC7.8 Kyoto PPwk18
Y11GeUC7.8 Kyoto PPwk18

... cooperate. Sharing both advances in GHG technology and science. the greatest achievement of the protocol so far is to get so many countries together and talking on a central issue. ...
New Zealand - Environmental Defense Fund
New Zealand - Environmental Defense Fund

... under the Convention and the Kyoto Protocol and to reduce New Zealand’s net emissions below business-as-usual (BAU). Under the Kyoto Protocol’s first commitment period (2008-2012), New Zealand has committed to reduce its annual average GHG emissions to 1990 levels (61.9 MtCO2e/yr excluding emissions ...
Impact of transport emissions on the lower atmosphere
Impact of transport emissions on the lower atmosphere

... chemical make-up in terms of ozone and the hydroxyl radical OH. Traffic emissions form a large part of EU air pollution and are the subject of climate change policy1. Ozone pollution in the troposphere adversely affects human health and damages vegetation including crops, but it also behaves as a po ...
Climate change and agriculture: Understanding the biological
Climate change and agriculture: Understanding the biological

... So what will all this research deliver in terms of reducing greenhouse gases? Some mitigation options being studied may eventually be used to reduce greenhouse gases, but others may not. Some may be effective in reducing the gases from an animal in the laboratory, but not fit well into farming syst ...
Points to Make for Spain
Points to Make for Spain

... “The rising costs of reducing carbon dioxide emissions by smokestack industries may trigger a shift in major investments in such sectors from Europe to countries where carbon controls are less strict, analysts said. ‘In the future, European companies may decide to make big investments abroad, say in ...
CO2 Reduction beyond 20% COM(2010)
CO2 Reduction beyond 20% COM(2010)

... Analysis of the 30% target Stepping up to the 30% target “would in all probability entail increasing the stringency of existing policies or introducing new policies" (p. 5 f.). – Options to meet the 30% target within the scope of EU-ETS - The Commission is considering lowering the cap for carbon emi ...
1 Frank Raes, Peter Bergamaschi, Hugh Eva, Alan Belward
1 Frank Raes, Peter Bergamaschi, Hugh Eva, Alan Belward

... Institute for Environment and Sustainability Joint Research Centre European Commssion ...
The Past and Future of Climate
The Past and Future of Climate

... rises will occur in the first few years of an ETS? • Yes food will rise 6 – 10 % • Fuel will rise 10 – 40 cents a litre • Power will rise 100% • Unemployment will rise to 20% • Companies will move overseas And that’s with a Carbon Price of $10 $40 a tonne ...
Emissions Trading Markets - National Centre for Research on Europe
Emissions Trading Markets - National Centre for Research on Europe

... • Firms can be significantly effected through costly legislation ...
MHC-200-Powerpoint
MHC-200-Powerpoint

... – DROP IN FUEL CONSUMPTION: ”The carbon tax has contributed substantial environmental benefits to British Columbia (BC). Since the tax took effect in 2008, British Columbians’ use of petroleum fuels (subject to the tax) has dropped by 15.1% — and by 16.4% compared to the rest of Canada. “ – GROWTH U ...
Towards a Global Carbon Market – Prospects for
Towards a Global Carbon Market – Prospects for

... addressing these issues, including so-called backloading (the delay of auctioning allowances towards the end of Phase III) as an immediate step. At the same time, as more and more countries and regions worldwide are increasingly interested in emissions trading as a climate policy instrument, systems ...
The Kyoto Protocol
The Kyoto Protocol

... recognises that industrialised countries are responsible for most of the current buildup of greenhouse gases in the atmosphere and also have the institutional and financial capacities for reducing their emissions. The Parties meet annually to review progress and discuss further measures, and a numbe ...
accounting of carbon credit
accounting of carbon credit

... • A business that owns a factory putting out 100,000 tones of greenhouse gas emissions in a year. It is in the Annexure- I country, that enacts a law to limit the emissions that the business can produce. Say 80,000 tonnes per year. • The factory is required to either reduce its emissions to 80,000 t ...
Agenda training aviation ETS - Environment and Climate Regional
Agenda training aviation ETS - Environment and Climate Regional

... Background to the inclusion of aviation in ETS Direct emissions from aviation account for about 3% of the EU’s total greenhouse gas emissions. The large majority of these emissions stem from international flights. By 2020, global international aviation emissions are projected to be around 70% higher ...
Nine Steps to Make Kyoto a Success
Nine Steps to Make Kyoto a Success

... to reduce emissions and meet Kyoto targets. The Kyoto Protocol requires “demonstrable progress” by 2005 by all industrialised countries. Most of them will have difficulty in proving this progress since they are not on track to meet their moderate obligations for 2012. These governments have to adopt ...
CDM opportunities for the Philippines
CDM opportunities for the Philippines

... undergoing the process of transition to a market economy) are committed to adopting policies and measures that will reduce their GHG emissions to earlier levels. • Annex II Parties (OECD countries) must provide new and additional financial resources in order for developing countries to implement the ...
Contribution Of UK Aviation To Climate Change
Contribution Of UK Aviation To Climate Change

... By 2020 aviation emissions are due to increase by 50% (7). By 2040 – even after allowing for (an optimistic) 50% improvement in aircraft fuel efficiency – aviation emissions are due to be double the present level. (7) By 2050 every other industry is due to cut emissions by 60%. The Tyndall Centre fo ...
Background for climate negotiations
Background for climate negotiations

... Group of Latin America and the Caribbean which has 33 members and is primarily concerned with economic development opportunities; Alliance of Small Island States (AOSIS) which consists of 42 members which are the especially vulnerable to the impacts of climate change; and Organization for Petroleum ...
EU views on greenhouse gases and global warming potentials and
EU views on greenhouse gases and global warming potentials and

... transport emissions or increase efforts in other sectors ...
USA
USA

... from developed countries, but corruption pervades many of these countries and financial assistance often fails to reach its intended use. They may also emphasize forestry policy over cutting fossil fuel emissions, which, while important, is insufficient for meeting the climate challenge. CO2 Emissio ...
Executive summary - Environmental Defense Fund
Executive summary - Environmental Defense Fund

... an early overview of how implementation was going. This report has the advantage of a second year’s worth of data and analysis on the carbon market’s operations and on the current state of California’s economy. In addition, the end of 2014 officially marked the conclusion of “Compliance Period One,” ...
Paying for Climate Change
Paying for Climate Change

... but emissions would be higher than desired. Such a surge in emissions may be of relatively little concern, however, because emissions over any short period matter little to atmospheric concentrations, which are what really matter.­ The equivalence will also fail if—as has often happened in practice— ...
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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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