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Home > Art, Film & Photography > Emissions Trading: New Zealand Emissions Trading Scheme, European Union Emission Trading Scheme, American Clean Energy and Security ACT
Emissions Trading: New Zealand Emissions Trading Scheme, European Union Emission Trading Scheme, American Clean Energy and Security ACT

Emissions Trading: New Zealand Emissions Trading Scheme, European Union Emission Trading Scheme, American Clean Energy and Security ACT


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About the Book

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 42. Chapters: New Zealand Emissions Trading Scheme, European Union Emission Trading Scheme, American Clean Energy and Security Act, Carbon Pollution Reduction Scheme, Climate Change Response Amendment Act 2008, Personal carbon trading, Asia-Pacific Emissions Trading Forum, Regional Greenhouse Gas Initiative, Cap and dividend, Emissions Trading Scheme Review Committee, International Carbon Action Partnership, Marginal Abatement Cost, UK Emissions Trading Scheme, Climate Stewardship Acts, Sandbag, Climate change credit, United States Carbon Cap-and-Trade Program, Pollution market, Chinese national carbon trading scheme. Excerpt: Emissions trading is a market-based approach used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants. A central authority (usually a governmental body) sets a limit or cap on the amount of a pollutant that can be emitted. The limit or cap is allocated or sold to firms in the form of emissions permits which represent the right to emit or discharge a specific volume of the specified pollutant. Firms are required to hold a number of permits (or carbon credits) equivalent to their emissions. The total number of permits cannot exceed the cap, limiting total emissions to that level. Firms that need to increase their emission permits must buy permits from those who require fewer permits. The transfer of permits is referred to as a trade. In effect, the buyer is paying a charge for polluting, while the seller is being rewarded for having reduced emissions. Thus, in theory, those who can reduce emissions most cheaply will do so, achieving the pollution reduction at the lowest cost to society. There are active trading programs in several air pollutants. For greenhouse gases the largest is the European Union Emission Trading Scheme. In the United States there ...


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Product Details
  • ISBN-13: 9781156676141
  • Publisher: Books LLC, Wiki Series
  • Publisher Imprint: Books LLC, Wiki Series
  • Height: 246 mm
  • No of Pages: 44
  • Spine Width: 2 mm
  • Weight: 95 gr
  • ISBN-10: 1156676142
  • Publisher Date: 26 Jul 2011
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Sub Title: New Zealand Emissions Trading Scheme, European Union Emission Trading Scheme, American Clean Energy and Security ACT
  • Width: 189 mm


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