Around the world, markets that are focussed on issuing permits to allow the emitting of greenhouse gases, and earning credits by not emitting them are fast emerging (MacKenzie, 2009), with countries such as New Zealand taking part in what is known as an Emissions Trading Scheme. Carbon markets have increasingly become a way of addressing greenhouse mitigation, and essentially climate change, as a result of the Kyoto Protocol and subsequent intergovernmental emissions trading scheme (Stephan & Paterson, 2012). This essay will begin by addressing what the emissions trading scheme is, its background and the subsequent introduction of carbon markets. It will then discuss how the ETS connects on an international scale. It will also discuss the presence of the ETS in New Zealand, with the effects of its implementation on lives and industry. This essay will then finish by discussing what is being gained and lost as a result of the ETS, and conflicts that surround the ETS and in fact all environmental policy around the world. The ETS is an example of how values systems around the world can entangle when a significant problem such as climate change threatens the global economy and its people.
The intergovernmental emissions trading scheme encompasses an international joint action plan brought about through the United Nations and the creation of the Kyoto Protocol (New Zealand Climate Change Programme, 2001). The Kyoto Protocol is the world’s first international treaty on climate change and was adopted at the Earth Summit in Rio de Janerio in 1992, and has been ratified by 154 countries (Renowden, 2007). The protocol itself contains provisions for a cap and trade market between nation states (MacKenzie, 2009). An emissions trading scheme m...
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The Kyoto Protocol was created to reduce the amount of greenhouse gas emissions that are affecting Earth. The project is extremely expensive and lacks effectiveness. The protocol may benefit the world in the far future, but it is not worth a country going poor. Also, if tackling the issue involves the cooperation of our entire earth, developing countries should not be excluded. The Kyoto Protocol raises many concerns, and if something is going to impact our economy so greatly, it should not raise any concerns and should be foolproof. In order to demonstrate the lack of effectiveness, the economic consequences must first be discussed.
The threat of climate change in recent years is recognized as a real and potentially catastrophic threat to the health and welfare of our planet, as industrialized nations continue to run their economies by burning carbon into the atmosphere. Recently, it has taken on a larger role in our national media, the public, and the government, as the effects of anthropogenic climate change become more evident. In the United States, for example, the year 2007 brought the first major piece of legislation in the country to address the problem under the Climate Security Act, and the United States Supreme Court ruled that the U.S. Environmental Protection Agency had authority to regulate carbon dioxide as a pollutant. Today, many politicians, economists, scientists, and environmentalists propose a solution that would create a regulated market based on emissions into the atmosphere, effectively internalizing all negative externalities. It’s called cap and trade, and it has a lot of potential to help incentivize the implementation of alternative forms of energy, has several different variations and alternatives, and has already been successful in many programs around the world.
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“At present, the global system for carbon emissions trading is embodied in the Kyoto Treaty,” said Al Gore, which points out that Global Warming is not a national problem, but global problem. The Kyoto Treaty states that parties involved will reduce greenhouse emissions in their nation (United Nations). These facts introduce the idea of transforming this perilous world into an innocuous one. It supports his claim for having a preferable future for all, where there will be no droughts, devastations, deaths, or poverties due to global warming. His repetition of the word “reduce” engages the audience of having a solution to climate change. Mr. Gore continues with his ideas to reduce Global Warming by saying, “...Carbon Capture and Sequestration (CSS)...will play a significant...role as one of the major blocks of a solution to climate crisis.” This fact is an example of a paradox as before this statement he mentioned that CSS, a method to capture the CO2 burned from the burning coal, is an expensive method which most companies resist from using. His use of paradoxes throughout his speech makes the audience rethink their opinions. These statistics are part of many other logically statements that Mr. Gore used to support his claim. Some of these logical procedures include; electronic cars, reduction of renewable
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It is becoming increasingly certain that climate change will have severe adverse effects on the environment in years to come. Addressing this issue poses a serious challenge for policy makers. How we choose to respond to the threat of global warming is not simply a political issue. It is also an economic issue and an ethical one. Responsible, effective climate change policy requires consideration of a number of complex factors, including weighing the costs of implementing climate change policies against the benefits of more environmentally sustainable practices.
Tietenberg, Thomas. Environmental and Natural Resource Economics. Addison Wesley: New York, 2003. pp. 561. ISBN 0-201-77027-X, pp. 7-11.
Conca, K., & Dabelko, G. D. (2010). Institutions of Global Environmental Governance. In K. Conca, & G. D. Dabelko, Green Planet Blues (pp. 117-124). Boulder: Westview Press
... Carbon Market is a form of trading that specifically targets carbon dioxide (calculated in tonnes of carbon dioxide) and is the bulk of emissions trading. Carbon trading is a common method countries use to meet their obligations from the Kyoto Protocol, which involves an attempt to reduce future climate change.
The world’s greatest powers have shown a lack of interest in the way that they are destroying the environment around them. The rise of the climate through the years has been altering how different organisms have had to survive. The world’s use of fossil fuels and CO2 emissions is at an all-time high. The countries with the highest CO2 emissions are same countries with the largest economies. The United States, China, India, Japan, and Russia are the top five leaders in CO2 emissions. All together they account for around 60% of the total carbon emissions worldwide. In order to cut down on the amount of CO2 emissions counties need start regulating their larger industries that create the highest amount of carbon emissions.
Mastrandrea, Michael D. "Global warming." World Book Advanced. World Book, 2013. Web. 8 Nov. 2015.
Nowadays, we can see a lot of campaigns to reduce this humans’ contribution of greenhouse gases to atmosphere. These campaign’s missions are usually about reducing the energy that we use, convincing us to use recyclable energy, stopping the deforestation... These missions are all about mitigating to climate change. Climate change mitigation is the actions to limit the significant rate of long term climate change. In other words, climate change mitigation is all of the actions about lowering the humans’ greenhouse gas contribution to atmosphere. It is now too late for humans’ to prevent the effects of climate change, but these effects can be reduced in the future with mitigation. The most popular treaty, disenchant of humanity, is Kyoto Protocol. The main goal of Kyoto Protocol is reducing the human emitted greenhouse gases, in other word, mitigation. Also in ways that underlying national differences in GHG emissions, wealth, and capacity to make th...