Carbon Trading - A Comprehensive Guide

di M S Mohammed Thameezuddeen (Autore)

M S Mohammed Thameezuddeen, 2024

What is Carbon Trading? Carbon trading, often referred to as emissions trading, is a market-based approach aimed at controlling pollution by providing economic incentives for reducing the emissions of greenhouse gases (GHGs). The central idea behind carbon trading is to create a system where a limit (or cap) is set on the total emissions allowed, and entities can buy or sell emission allowances. This market-driven mechanism encourages companies to reduce their emissions in a cost-effective manner. The Importance of Carbon Trading The importance of carbon trading lies in its potential to significantly reduce global GHG emissions, which are the primary drivers of climate change. By assigning a monetary value to carbon emissions, carbon trading makes it financially advantageous for companies to invest in cleaner technologies and more sustainable practices. This economic incentive is crucial for driving innovation and achieving large-scale reductions in emissions. The Evolution of Carbon Markets The concept of emissions trading is not new. It originated in the United States with the Acid Rain Program in the 1990s, which successfully used a cap-and-trade system to reduce sulfur dioxide (SO2) and nitrogen oxides (NOx) emissions. Building on this success, the Kyoto Protocol, adopted in 1997, established international carbon markets. The protocol introduced mechanisms such as the Clean Development Mechanism (CDM) and Joint Implementation (JI), paving the way for the development of carbon trading systems worldwide.

• Autore: M S Mohammed Thameezuddeen
• Anno edizione: 2024
• Editore: M S Mohammed Thameezuddeen
• Formato: EPUB2 con DRMFREE
• Compatibilità: Tutti i dispositivi (eccetto Kindle)
• Layout: Reflowable
• EAN: 9798227968975

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