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Climate Change - Harlem School District 122
Climate Change - Harlem School District 122

... December 1997, 161 nations met in Kyoto Japan to negotiate a treaty to help slow global warming Requires 39 developed countries to reduce greenhouse emissions by 2012 Why the 39? – they are the major polluters ...
The Role of EU - Challenges Ahead, Anders Wijkman, Member of
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... • 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 the UK, the EU would most probably not be able to meet its Kyoto target ...
July/August 2001 - Center for Climate and Energy Solutions
July/August 2001 - Center for Climate and Energy Solutions

... differing views of the environment. But I believe that the other nations of the world, in agreeing to a compromise solution in Bonn, decided to send a message to the United States that an imperfect agreement is better than none—and that we cannot wait any longer to take this crucial first step to s ...
European Climate Exchange Glossary
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... It is a measurement unit used to indicate the global warming potential (GWP) of greenhouse gases. Carbon dioxide is used as the reference gas against which all other greenhouse gases are measured. Certified Emission Reduction Carbon credits arising from Clean Development Mechanism projects. One CER ...
CT GHG Emissions Inventory - Center for Climate and Energy
CT GHG Emissions Inventory - Center for Climate and Energy

... decline between 1990 and 2012 was 10.5 percent, meaning that emissions for the first time fell below the Global Warming Solutions Act target for 2020. Having reached this target eight years ahead of schedule, the state aims to maintain this progress and continue pushing emissions downward in the com ...
Cumulative carbon and its implications: the case for mandatory sequestration Myles Allen
Cumulative carbon and its implications: the case for mandatory sequestration Myles Allen

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Development of South Africa`s Climate Change Mitigation System to

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No Slide Title
No Slide Title

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A Meaningful Second Commitment Period for the Kyoto Protocol
A Meaningful Second Commitment Period for the Kyoto Protocol

... even lower in the long term through technological change, it is essential to embrace marketbased instruments. On a domestic level, systems of tradable permits might be used to achieve national targets. ...
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... – Urge their state governments, and the federal government, to enact policies and programs to meet or beat the greenhouse gas emission reduction target suggested for the United States in the Kyoto Protocol – Urge the U.S. Congress to pass the bipartisan greenhouse gas reduction legislation, which wo ...
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this file - Carbon Finance at the World Bank
this file - Carbon Finance at the World Bank

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Transnational responses to climate change

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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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