Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Emissions Trading
"A basic principle Economics comparative advantage: a country produces goods producing, bad. The traditional story includes relative endowments capital labor, capital intensity goods matters. Now add environmental externalities.
Comparative advantage in emissions trading: The environment and economics
Although it was not signed by the United States, at the time of its drafting, the Kyoto Protocol was considered a major advancement in attempts to curb global warming by limiting emissions. However, the international agreement also brought the controversial practice of emissions trading of pollutions credits to the forefront of the concerns of the world environmental movement. "Emissions trading, as set out in Article 17 of the Kyoto Protocol, allows countries that have emission units to spare - emissions permitted them but not 'used' - to sell this excess capacity to countries that are over their targets" (International emissions trading, 2013, Kyoto). In other words, 'cleaner' nations could sell their credits to dirtier nations, thus preserving the environmental status quo.
From an economic perspective, nations that...
The HOS trade theory concept of efficient economic comparative advantage where, say, one nation that is warm produces more oranges efficiently and sells them to a colder nation that cannot produce oranges equally efficiently, is not true of environmental 'trading' in the same way, since the ultimate aim of Kyoto was parity in reductions efforts. There have been some aims to contain the tendency to 'trade down' "In order to address the concern that Parties could 'oversell' units, and subsequently be unable to meet their own emissions targets, each Party is required to maintain a reserve of ERUs, CERs, AAUs and/or RMUs in its national registry. This reserve, known as the 'commitment period reserve,' should not drop below 90 per cent of the Party's assigned amount or 100 per cent of five times its most recently reviewed inventory, whichever is lowest" (International emissions trading, 2013, Kyoto).
Advocates of emissions trading, however, state that it is merely a preventative 'stop gap' measure to enable less developed nations to 'catch up' to other nations. "A global carbon price gives birth to a new commodity, and a new set of investment and financing opportunities. These opportunities can link the metrics and methods for GHG abatement with larger capital markets flows aimed…
References
Emissions trading. (2013). ITEA. Retrieved from: http://www.ieta.org/emissions-trading
International emissions trading. (2013). Kyoto. Retrieved from:
http://unfccc.int/kyoto_protocol/mechanisms/emissions_trading/items/2731.php
Ramsey, M. (2013).Tesla earns $40 million selling pollution credits. The Wall Street Journal.
http://online.wsj.com/news/articles/SB10001424127887323628804578348271881455116
Green computing is a term used to refer to the proper handling and disposal of computer parts. It is a term that has come of late with the need to have a clean environment devoid of unnecessary pollution on the environment. It is known fact that computers are made of non-biodegradable material, which is mainly plastic in nature. Disposal of used computers can cause environmental degradation if not well done.
2007 Economic Crisis on American Car market Effect of the 2008 global economic crisis on automotive industries Crisis in the United States Crisis in Canada Crisis in Russia Crisis in European markets Crisis in Asian markets Effects by other related crisis events In this paper, we will review the effects of 2008 global automotive crisis. Our main focus will be on the American car manufacturers and the negative impact they suffered due to the crisis. We will
Therefore, total emissions are reduced over time, which is seen in the EU. A period of emissions was to be reduced by 5% with 199- levels while the next set of years were to reduce emissions by 20%. As a result, the cap-and-trade system offers the policymakers and those concerned with the environment a definite emissions target. A cap-and-trade strategy makes sure that the short-run resources of abatement are assumed
Environmental Hazards as a Consequence of Crude Oil/Natural Gas Exploration, Transportation, Refining and Storage Ever since crude oil was first successfully drilled in the U.S. In Titusville, Pennsylvania, in 1859, the demand for oil has only been increasing over the years in countries all over the world. (Camden, 1883) Crude oil, from which various petroleum products are obtained, is a naturally occurring hydrocarbon component found trapped in rocks below the
finance and financial entrepreneurship. The basis of the article is on a discussion that was held on this subject among four leading lights of financial entrepreneurship in the United States - Michael Milken, Lewis Ranieri, Richard Sandor and Myron Scholes. These people are famous in their own right and have had a sizeable role in financial entrepreneurship in the U.S. over the last 20 years. We have first discussed
Low Cost Airline in Thailand The Study on Improvement of Low Cost Airline in Thailand Geography of Thailand Nature of Airlines Variables under Study The Profitability of Low Cost Airlines in Thailand Thai Economy Operating Results, Selected Airlines, Financial Year 1999 The Economies of Scale Attained By Airline Industry Human Resource Practices The future of low cost Thailand Airlines Contrasting Qualities of State Owned and Non-State Owned Airlines The Study on Improvement of Low Cost Airline in Thailand Thailand is a global