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Presentation
Presentation

... ● Party to the Kyoto Protocol since 1998 ● Launched climate change abatement strategy in early 1990’s ● One of the leading nuclear & renewable energy producers in the world ...
Chapter 7 – global warming - Iowa State University Department of
Chapter 7 – global warming - Iowa State University Department of

... first year, 362 million tonnes of CO2 were traded on the market for a sum of €7.2 billion, price of allowances hit its peak level in April 2006 of about €30 per tonne CO2, fell in May 2006 to under €10/ton when countries indicated large emission caps – so there was no need for them to reduce emissio ...
Laura Sands - "Not your fathers carbon market"
Laura Sands - "Not your fathers carbon market"

... America, will skyrocket ...
Carbon Sequestration and Trading
Carbon Sequestration and Trading

... Chicago Climate Exchange (CCX) – voluntary market for greenhouse gas trading. European Union Emissions Trading System (EU ETS) and Climate Exchange (ECX) - EU wide mandatory GHG cap-and-trade. Regional Greenhouse Gas Initiative (RGGI) – eastern states electric power generation cap on emissions. Othe ...
Brand Launch - Canadian Bar Association
Brand Launch - Canadian Bar Association

... • Ratified by all major countries including, US, Canada, EU, Japan, Russia, China and India • Goals included return by 2000 to 1990 GHS emission levels for developed countries (including countries with “economies in transition”)) ...
Consultation on setting New Zealand`s post
Consultation on setting New Zealand`s post

... Agriculture is the major contributor to New Zealand's emissions (almost 50% of our total emissions) largely through the breeding of animals for food. Not only is this an inefficient means of food production but it has also led to large scale deforestation and degradation of water quality and rivers ...
high
high

... Schwarzenegger signed into law the bill AB 32, also known as the Global Warming Solutions Act, establishing a timetable to reduce the state's greenhouse-gas emissions, which rank at 12th-largest in the world, by 25% by the year 2020. This law effectively puts California in line with the Kyoto limita ...
What is Joint Implementation (JI)?
What is Joint Implementation (JI)?

... In practice, this will likely mean facilities built in the countries of Eastern Europe and the former Soviet Union - the "transition economies" - paid for by Western European and North American countries. ...
this file - Carbon Finance at the World Bank
this file - Carbon Finance at the World Bank

... This presentation reflects the findings expressed in ‘State & Trends of the Carbon Market’ by Franck Lecocq and Karan Capoor, April 2005, The World Bank and the International Emissions Trading Association (IETA). These views are the sole responsibility of the authors. They do not necessarily reflect ...
Submission Ministry for the Environment Emissions Trading Scheme
Submission Ministry for the Environment Emissions Trading Scheme

... 6. We recognise that the costs of reducing emissions are current, immediate and quantifiable, while the benefits of reducing our emissions are less certain, distant and hard to assess. However, although the costs of moving to a low-carbon future are high, the costs of inaction are even higher. All ...
Review of Kyoto so far and finishing it off
Review of Kyoto so far and finishing it off

... and reforestation (replanting where there once was some), or some other emissions reduction project like a rural electrification project using solar panels in a developing country. • Is another 'flexibility mechanisms’ ...
4 The Economics of Climate Change
4 The Economics of Climate Change

... In recent years, global climate change has been increasingly recognised as one of the most critical and daunting challenges that policymakers face in this century. It is an issue that the world will have to grapple with for many decades to come. The Intergovernmental Panel on Climate Change (IPCC) h ...
Western Climate Initiative
Western Climate Initiative

... The Western Climate Initiative Compliance obligation Surrender of a number of allowances that equals total verified emissions reported during a compliance period Three compliance periods : – First period : 2013 to 2014 – Second period : 2015 to 2017 – Third period : 2018 to 2020 ...
Slide 1
Slide 1

... second richest Member State • Commission officials admit to resentment over Ireland’s net contribution to the EU and over Ireland’s past commitment to climate policy • Commission’s plans coincides with the ambitions of the Green Party, while the previous Taoiseach may have had plans for the presiden ...
Additional presentation on Climate Change
Additional presentation on Climate Change

... • 2001: Legislation for ETS proposed; Member States (Council) + European Parliament reach agreement in 2003. ...
Emissions of industrialized countries rose to all time high in
Emissions of industrialized countries rose to all time high in

... emissions trading, the clean development mechanism (CDM) and joint implementation (JI). These mechanisms allow industrialized countries to purchase emission reductions abroad at lower cost than reducing emissions at home, thereby supplementing domestic emission reduction efforts. The Kyoto Protocol ...
New report: reliance on carbon trading is a false solution to climate
New report: reliance on carbon trading is a false solution to climate

... strategically, and in a just and equitable way. It also looks at what alternative tools are available to governments. It was developed in the context of increasing talk by developed countries, particularly the European Union (EU), about forming a global carbon trading system. According to the report ...
The Role of EU - Challenges Ahead, Anders Wijkman, Member of
The Role of EU - Challenges Ahead, Anders Wijkman, Member of

... • Climate change mitigation has been a highprofile issue within the EU • But more than 15 years after the Climate Convention was agreed upon, emissions are increasing rapidly in most Member States • If it were not for the collapse of the economy in Eastern Germany and the switch from coal to gas in ...
1 - contentextra
1 - contentextra

... announced that they were unwilling to undertake new emission targets beyond 2012. Since 1992, when negotiations for the Kyoto Protocol fist began, greenhouse gas emissions have risen by 50%, and in 2010, despite a global recession, they rose by 5%. Before the Durban conference, most countries were g ...
Global warming – an update from Durban
Global warming – an update from Durban

... announced that they were unwilling to undertake new emission targets beyond 2012. Since 1992, when negotiations for the Kyoto Protocol fist began, greenhouse gas emissions have risen by 50%, and in 2010, despite a global recession, they rose by 5%. Before the Durban conference, most countries were g ...
45.315
45.315

... • Beginning global emission reductions sooner rather than later would result in less drastic future cuts (and less costly for future generations) required to achieve a given stabilization target. ...
Santino
Santino

... (...) The Parties should take precautionary measures to anticipate, prevent or minimize the causes of climate change and mitigate its adverse effects. Where there are threats of serious or irreversible damage, lack of full scientific certainty should not be used as a reason for postponing such measu ...
Corporate greening falls short
Corporate greening falls short

... carbon tax as one of the tools of climate capitalism? Carbon taxes have indeed been successful elsewhere, for example, in British Columbia, Canada. Nor are the market-based solutions as great as Climate Capitalism makes out. As a result of intense lobbying, some big polluters, particularly in the ut ...
Carbon Sequestration and Trading
Carbon Sequestration and Trading

... Chicago Climate Exchange (CCX) – voluntary market for greenhouse gas trading. European Union Emissions Trading System (EU ETS) and Climate Exchange (ECX) - EU wide mandatory GHG cap-and-trade. Regional Greenhouse Gas Initiative (RGGI) – eastern states electric power generation cap on emissions. Othe ...
READ MORE - Almitra Patel
READ MORE - Almitra Patel

... • Agreement offers flexibility in how countries may meet their targets ...
< 1 ... 22 23 24 25 26 27 28 >

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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