Carbon Emissions Trading stories:
Australia PM delays start of carbon trade to 2011
May 3rd, 2009 - Reuters
CANBERRA, May 4 (Reuters) - Australia's government willdelay a planned carbon emissions trading scheme by a year tomid-2011, and will offer more support to major pollutingindustries to help them adapt...
Carbon Emissions Trading videos from YouTube:
10:22The Emissions Trading System - putting a price on carbon
European Commission production: "The EU Emissions Trading Scheme (ETS) is a world first and a major weapon in Europe's fight against climate change. The innovative system has turned carbon dioxide emissions into a tradeable commodity ...
1:58Industrial CO2 emissions to escape trading scheme?
With only weeks to go to the Copenhagen conference, climate change and how to combat it are at the top of the political agenda again. Europe has proudly pioneered the carbon market, but will it withstand the fear of 'carbon leakage'?
4:09Insiders - Carbon Trading Draft Report
ABC political editor Chris Uhlmann speaks with Insiders as he prepares to join the Pope on a flight to Australia.
3:29Taking a head start to create a low carbon world economy
In its response to the global warning against global warming the EU proposes to cut its CO2 emissions by 20% by 2020. We know how to do it and the EU can afford to do it: cleaner technologies, carbon emissions trading and boosting renewable energies ...
Carbon Emissions Trading from WikiPedia:
Emissions trading (also known as emission trading or cap and trade) is an administrative approach used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants.
A central authority (usually a governmental body) sets a limit or cap on the amount of a pollutant that can be emitted. Companies or other groups are issued emission permits and are required to hold an equivalent number of allowances (or credits) which represent the right to emit a specific amount. The total amount of allowances and credits cannot exceed the cap, limiting total emissions to that level. Companies that need to increase their emission allowance must buy credits from those who pollute less. The transfer of allowances is referred to as a trade. In effect, the buyer is paying a charge for polluting, while the seller is being rewarded for having reduced emissions by more than was needed. Thus, in theory, those who can reduce emissions most cheaply will do so, achieving the pollution reduction at the lowest cost to society.
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