The present study throws light on the usefulness of Emission Trading as Green Solution in present scenario. Emission trading principle initiated from the technocracy movement which proposed Energy Accounting System in 1930s. Now this is recognized as Emission Trading in Kyoto Protocol which came into force on February 16th, 2005. The obligations of signatory countries are: Reduction of emission of Green House Gases (hereinafter GHGs) notified in Annex-I of Kyoto Protocol and engaging in emission trading if the signatory nations maintain or increase the emission of GHGs. Emission trading brings flexibility to this strict obligation. It aims at achieving the mandate of emission limitation for reduction of GHGs in the signatory nations. It is a cap and trade system under Kyoto. ‘Cap’ is the limit (national level commitments) which is set by the government agency on the amount of emission of the notified pollutants. The pollutant emit ters are required to hold equivalent number of credits or allowances representing the right to emit a specific amount, so that the amount of credits should not exceed the cap. Kyoto has classified signatory countries into two categories, firstly, Annex-I countries (developed countries), which accept GHGs reduction obligations and have to submit Greenhouse Gas Inventory (hereinafter GGI) and non-Annex-I countries (developing countries), which have no GHG emis sion reduction obligations and may participate in Clean Development Mechanism (hereinafter CDM). Thus, emission trading is carried out by Anne...
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Round-ups are the summaries of handpicked papers around trending topics published every week. These would enable you to scan through a collection of papers and decide if the paper is relevant to you before actually investing time into reading it.
Climate change Research Articles published between May 09, 2022 to May 15, 2022
May 16, 2022
Articles Included: 2
Introduction: Climate change is a pervasive threat to global biodiversity and is expected to have profound effects on the resilience and abundance of ...Read More