Emissions trading is a market-based cap and trade program to reduce the emission of polluting gases into the atmosphere. Originally it was used to manage acid rain. The Kyoto Protocol targets greenhouse gases in order to reduce the overall emissions of gases that exacerbate global climate change. The trading mechanism allows participating polluting nations to either reduce their total emissions or to buy credits from less polluting nations to meet the limits set by Kyoto. As the price of credits rises, reducing emissions becomes more financially attractive to polluting nations or companies. photo source

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Featured Organizations Climate Trust was formed in 1997 as Oregon Climate Trust. Our mission is to promote climate change solutions by providing high quality greenhouse gas offset projects and advancing sound offset policy. The Gold Standard is an independent, NGO backed tool to service the carbon market. It is owned by the network of non-governmental organisations that helped to design it and that, through endorsement of the Gold Standard`s principles, have committed themselves to implementing the Kyoto protocol in the spirit of true emission reductions and sustainable development. Featured Resources The New Business Climate: A Guide to Lower Carbon Emissions and Better Business Performance This book examines efforts your company makes now to reduce its global warming impacts can be rewarded immediately. Emissions Trading and Competitiveness examines the impacts on the competitiveness and the commercial incentives available from the CO2 allowance allocations under the EU Emissions Trading Schemes. Society 'needs the right chemistry' Carbon offsetting schemes are all well and good, but do little to change the way people live day-to-day, argues Stefaan Simons. In this week's Green Room, he says instead of wasting money on short-term solutions, attention should be focused on developments that can really deliver a low carbon future.

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SourceCode: Cost of Carbon Trading



Keywords
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