GGR345H5 Lecture Notes - Carbon Emission Trading, Kyoto Protocol

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24 Oct 2012
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This will cause a domino effect where one country that doesn participate then many others. More flexible (companies who can will and those who cant will pay) Market-led mechanisms are bound to happen (supply and demand) Some govts will be lax and wont take the proper steps to sustainable dev. wont want to. Govts can put programs to emasure actual emsisions (ex. All cars sold in cali have to meet emissions standards). Emissions translated to taking certain amount of cars throughout the year. Technology alternatives . gets to the root core of the problem. Govts can have different standards and thus some countries may not reliably meet sustainable development standards. For example kyoto protocol said about 5. 2 % below 1990 levels. Carbon trading in terms of flexibility : good for both small and big companies. Big companies with excess can trade and those with less can sell. Govt doesn"t shift carbon emissions but cut it down.

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