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Carbon Trading.pdf

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Preview of Carbon Trading
🔗 Source: thecornerhouse.org.uk
📊 Size: 812 KB
📄 Pages: 20 pages
⬇️ Downloads: 234

Summary

Carbon trading, a market-based system, is the central policy pillar to reduce emissions, but its mechanisms are flawed and cannot deliver the necessary structural changes to wean economies off fossil fuels. The concept originated in the 1960s, attaching a production cost to pollution, and was first practiced in the 1990s with the sulphur trading scheme. The "cap and trade" model involves buying and selling permissions to pollute, using permits and credits, but defenders acknowledge problems and argue that the market needs time to mature. However, critics argue that carbon trading cannot work due to issues like additionality miscalculations, which lead to increased emissions, and that it fails to trigger the necessary changes to reduce greenhouse gas emissions and stabilize CO2e at 450 ppm, considered necessary to avoid catastrophic climate change.

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Description

Carbon trading, a market-based system, is the central policy pillar to reduce emissions, but its mechanisms are flawed and cannot deliver the necessary...

Technical Information

  • File Format: PDF
  • File Size: 812 KB
  • Pages: 20
  • Language: EN
  • Total Downloads: 234
  • Last Updated: 3 days ago

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This PDF document about Carbon Trading provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Carbon Trading.

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