POL101Y1 Lecture Notes - Lecture 10: Kyoto Protocol, Carbon Emission Trading, Certified Emission Reduction

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POL101Lecture#10InternationalTreatiesandthePoliticsofClimateChange
Introduction:
● KyotoProtocol:
○ internationaltreaty,whichextendsthe1992UNframeworkconventionon
ClimateChangecommitsstatepartiestoreducegreenhousegasesemissions
duetotheexistenceofglobalwarmingandthemanmadeCO2emissionshave
causedit
○ Canadaratifieditin2002withdrewunderHarper’sgovernment
○ SignatoriesofKyotoProtocol:
○ Togetdevelopednationscouldreducetheiremissionsofgreenhousegases
○ demonstrateswhosignedontotheprotocol
○ Canadaistheonlyonethatleft
○ USAneverratified
○ StatesbecameinvolvedunderClinton
■ IntroducedCarbontrading
● Reducecarbonemissionsbyusingalternativeshoweverby
carbontrading
● AcompanyregisterswiththeUNasaCleandevelopment
mechanismandisthenabletosellcertifiedemissionreduction
units
● exampleMexicanIsthmusMultinatcorpshavepartneredupto
setupwindfarmsinMexico’swindybelt
○ Usetheenergyfueledfromitsellelectricityfromwind
farmsasanalttocoalandoil
○ theseareregisteredwiththeUNearnreductionunits
sellthosereductionunits
○ wehavenowdevelopedamarketaroundcarbon
● CanadaandClimateChange:
○ ThegovernmentofCanadasupportsinternationalactiontohelpdeveloping
economiesreduceemissiontoadapttoclimatechange
○ Reality:
● NONEofthedevelopingcountriesareproducingverymuchofthe
greenhouseemissions
● Canadaandotherdevelopednationsaretheonesthatare
producingmore
● LeadingpollutersUS+China+Russia
● Canadaisinthetopten
● Intermsofpercapitatop4areSaudiaArabiaUSCanada
Russia
● OureconomyisacommodityoneOil+gasetc
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