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I think it will be very interesting and fascinating to find such products and analyses the social, economic, political and cultural consequences for consumers, producers and environment. This will be shown with more details in the case study.<br> | I think it will be very interesting and fascinating to find such products and analyses the social, economic, political and cultural consequences for consumers, producers and environment. This will be shown with more details in the case study.<br> | ||
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In my case study I would like to put the focus on a special issue of the globalization process. My wiki article will act of economic aspects of globalization. The first part of my case study I will pick up some aspects about a carbon credit currency. I found information about it in an article from Neeraj Singhal and Himani Gupta. | |||
We see the results of the global warming every day. The climate chance is obvious for everybody. The average of temperature rises up and we get more and more extreme weather events. We have melting glaciers and polar bears which are melting and let rise the sea level. All those are consequences of the greenhouse gases like carbon dioxide, methane, ozone and nitrous oxide. The global warming is cause by two groups, the man-made and the natural causes. Some of the natural causes are for example the methane gas from the arctic tundra and wetlands. This greenhouse gas traps heat in the atmosphere. A typical man made problem is the burning of fossil fuels in our transportation vehicles, houses, power plants and factories. Important fossil fuels made of organic matter are oil and coal. The burning of the fuels gives off much carbon dioxide into the earth´s atmosphere. Mining coal give off much methane into the atmosphere. | |||
Alternative problem is the population. More and more people need more and more food. To produce this food much more agriculture has to be established. Because of that new cows and other animals have to produce additional meat for these people, because the demand on meat rises. | |||
'''The beginning''' | |||
The birth of the idea of carbon credit currency came with the Kyoto Protocol. One target goal was the “stabilization of greenhouse gas concentration in the atmosphere at a love that would prevent dangerous anthropogenic interference with the climate system”. One result of this was the “legally binding commitment for the reductions of four greenhouse gases” for all member countries. | |||
Another point of Kyoto was to define mechanisms like “Emissions Trading, the Clean Development Mechanism and Joint Implementation” | |||
Questions to investigate in this context: | |||
How works the Carbon market? It’s a global or a local market? | |||
Who are the actors of this market and how are the organized? | |||
Which size has this market today? | |||
The transition to the key issues is: | |||
„Carbon credits are a key component of national and international emissions trading schemes. They provide a way to reduce greenhouse effect emissions on an industrial scale by capping total annual emissions and letting the market assign a monetary value to any shortfall through trading.“ So it’s a key business for companies to sell their carbon credits to other (commercial) companies witch need carbon credits because of their polluting production or extensions. | |||
Questions: Is Emission Trading a legitimate operation and what are the follows of it for us? | |||
What classifications and structures are established? | |||
My topic is directed related to the globalization process because it’s a part of the globalized economic markets and should reduce the climate change. | |||