Carbon Market - Essay Example

Only on StudentShare

Extract of sample
Carbon Market

The "EU Emissions Trading Scheme" turned into a failure, because the energy consumption went down and with it the demand to obtain permits. On the other hand industries attempted to increase their turnover selling the unused permits to other companies. What is more, the green energy projects have spotted producing the desires effect.
The author is asking what would be an adequate price for the carbon emissions. NASA climate scientist observes that for him proposing the right cost will determinate if we as humans can cope with the irreversible climate changes that we have caused. The author comments that there are numerous ways to put a value on carbon. One of them is to calculate what will be the cost per tonne to diminish the emissions. Another approach is "the social cost of carbon". This method estimates the damage price to the atmosphere for a lifetime. The World Bank conducted experiments with this method as well as Dutch government and UK treasury. However, they all variable are taken into consideration the estimation tremendously vary from 35 GBP to 140 GBP per tonne.
Another technique is the "shadow price of carbon". This one estimates factors like willingness to pay for the reduction of carbon emissions. All those approaches have their advantages and disadvantages. ...Show more

Summary

For the first time in 2005 the European Union established a world's carbon market. They called it "EU Emissions Trading Scheme". The idea behind this scheme is to force polluting industries to buy permits in order to emit carbon dioxide. Therefore, companies will be encouraged to introduce low-carbon economy…
Author : gcasper
Carbon Market essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Carbon Market"
with a personal 20% discount.
Grab the best paper

Related Essays

Carbon Price Mechanism
The proposed plan can be summarized as the transformation or introduction of reforms in four important areas. These areas include price mechanism of carbon, consumption of fossil fuels and renewable sources of energy and augmented efficiency consuming energy along with land management.
6 pages (1500 words) Essay
Low Carbon Building
Low Carbon Building. There are studies, which suggest that, within the next couple of decades, the overall risks and costs associated with climate change could force the world to lose as much as 5 percent of the GDP every year. Furthermore, if not tackled properly, this figure could escalate to 20 percent, as well.
13 pages (3250 words) Essay
Carbon footprint
For purposes of computing carbon footprint, it is pertinent to ensure that there are established boundaries of computation. This is because the computation of carbon footprint can be visualized as having a number of boundaries that are different.
8 pages (2000 words) Essay
Carbon Dioxide Reduction
Hopefully, of late, UK government has much considerately taken decision to reduce and emit carbon-di-oxide from buildings. Consequently, building industry in the Britain is at stake and likely to face countless barriers in promoting building industry in the country.
5 pages (1250 words) Essay
Carbon
The company is self sufficient and can handle all of its operations all by itself. And as the company is working for the betterment of the environment, the government will not want to manipulate its operations. As the company finances
12 pages (3000 words) Essay
The Social Cost of Carbon
It is the volume dial on government regulations affecting greenhouse gases; thus, the regulatory standards would be increasingly
21 pages (5250 words) Essay
Sustainability trends: Implementation of Carbon Taxes
The importance of sustainability is that we ensure that we have and continues to have all the basic resources required to protect our health and environment such as clean air, water, and
6 pages (1500 words) Essay
Science and the stock market: investors recognition of unburnable carbon
(2009) in the exalted Nature journal. The article asserted that only a small part of the oil, gas, and coal I the world will be emitted by the year 2050 if global warming does not go beyond 2oC of the pre-industrial level. Their analysis establishes that a there was 2%
5 pages (1250 words) Essay
Carbon Forestry in the Gola Rainforest in Sierra Leone
inancial value for the carbon stored in forests and offering incentives for developing countries to enhance removal of greenhouse gases through a variety of forest management options. This paper will discuss the challenges of REDD+ opportunities and implementation in the Gola
18 pages (4500 words) Essay
Putting a price on carbon is the best solution for climate change
nt especially burning of fossil fuels that emit large amounts of CO2 into the atmosphere despite the role it plays depleting the ozone layer (Haldar, 2010). On the other hand, most of the economic activities rely on cheaper and reliable sources of energy like the fossil fuels.
5 pages (1250 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT