GGRC26H3 Lecture Notes - Lecture 9: Carbon Emission Trading, Kyoto Protocol, Flexible Mechanisms
Document Summary
Paris: rei(cid:373)agi(cid:374)g (cid:862)fle(cid:454)ibilit(cid:455)(cid:863: there is a shift in purpose, before establish carbon trading and how it is done over different boarders, now to establish a framework for a global carbon market. How does offsetting work: instead of reducing emissions on site, they can invest in project that would reduce emissions that would have happened or captures emissions. Cdm clean development mechanisms: the developing countries would benefit from these projects because of the money transactions that are happening and that this is supposed to be a sustainable development no high carbon emissions. Cdm project graph: there is a peak in 2012, and fell bc of the crash of the eu-ets. Distribution of registered projects graph: the highest is china and india but the problem is that they are not really developing countries. Uneven development: the (cid:272)ou(cid:374)tries that are (cid:373)ost i(cid:374) (cid:374)eed i(cid:374) de(cid:448)elopi(cid:374)g (cid:894)afri(cid:272)a(cid:895) are(cid:374)"t getting the help with development under the cdm.
