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Emissions Trading: Difference between revisions
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===The beginning of Emission Trading=== | ===The beginning of Emission Trading=== | ||
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”. <ref name= | 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”. <ref name=Singhal208> Singhal, N., & Gupta, H. (2011). Carbon Credit Currency for the Future. In W. Leal Filho, The Economic, Social and Political Elements of Climate Change. Berlin, Heidelberg: Springer-Verlag, p. 208. </ref> | ||
One result of this was the “legally binding commitment for the reductions of four greenhouse gases”<ref name= | One result of this was the “legally binding commitment for the reductions of four greenhouse gases”<ref name=Singhal209> Singhal, N., & Gupta, H. (2011). Carbon Credit Currency for the Future. In W. Leal Filho, The Economic, Social and Political Elements of Climate Change. Berlin, Heidelberg: Springer-Verlag, p. 208. </ref> for all member countries. | ||
Another important point which has been regulated in Kyoto were mechanisms like “Emissions Trading, the Clean Development Mechanism and Joint Implementation”<ref name = | Another important point which has been regulated in Kyoto were mechanisms like “Emissions Trading, the Clean Development Mechanism and Joint Implementation”<ref name = Singhal209/> | ||
==An introduction in the European Union Emission Trading System== | ==An introduction in the European Union Emission Trading System== | ||