Carbon Credits and Global Emissions Trading
GRIN Verlag, 2008 - 48 pages
Seminar paper from the year 2008 in the subject Environmental Sciences, grade: 1,0, Vrije University Brussel (Solvay Business School), course: Advanced Technology, language: English, abstract: The ongoing process of changes in the global climate system is rather undisputed these days, as it is evident from observations of increases in global average air and ocean temperatures, widespread melting of snow and ice as well as rising global sea levels. Moreover, while the exact causes for the currently observed increases in global temperatures are yet to be established, a growing consensus is emerging that at least part of it is human-caused. As a result, various panels and organisations have emerged throughout the world, which are working on strategies how to reverse or at least halt this process. As Kolk & Pinske point out the resulting climate policies across different sectors and locations are diverse. Various companies are trying to restructure their operations in order to reduce waste and to make their processes more energy efficient. A number of governments are enacting policies to replace CO2-intensive energy, released through the burning of coal, oil and gas by more environmentally friendly, so-called 'clean' energy, such as wind, solar, or hydroelectric power. Others are resorting back to nuclear power asserting that the actual risks of this technology are by far not as high as they are perceived to be or as they were some years ago. A further alternative that has recently been implemented by the EU is a 'cap-and-trade system' for energy-intensive industries, which defines strict limits for the absolute amount of emissions. While the responsibility for complying with this regulation rests with the companies in the respective industries, they are free to find ways how to stay within the limits. Compensating for emissions by purchasing carbon credits is one prominent option available to companies in this respect. Purpose of this paper will hence be to analyse
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
anthropogenic Barack Obama Business Responses California Management Review Carbon Action Partnership carbon market Clean Development Mechanism Climate Change 2007 climate policy CO2-emissions Conference on Environment consensus Convention on Climate developed world developing countries emission credits Emission market emissions trading scheme Environment and Development environmental European Commission European Union Greenhouse free-rider problem Gas Emissions Trading Global Climate Change Global Emissions Trading global warming governments greenhouse effect greenhouse gas emissions human and social hurricane Hurricane Katrina Ibid Identifying Emergent Strategies increases in global industries infrared radiation innovation Intergovernmental Panel International Carbon Action international emissions trading introduction of emissions IPCC John McCain Katrina Kolk,A.&Pinske Kyoto Protocol major Nations Framework Convention Opportunities organisations Panel on Climate reduce greenhouse gas reduction of emissions Responses to Climate Retrieved May 31 sector Supply Chain surface Synthesis Report UNFCCC Union Greenhouse Gas United Nations Conference United Nations Framework Vrije Universiteit Brussel Weaknesses worldwide emissions trading