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Emissions Trading

Emissions Trading. What is it?. Emissions Trading. a Government initiative to address climate change via a scheme to reduce greenhouse gas emissions. Climate Change and the Greenhouse Effect. Main Greenhouse Gases: Carbon Dioxide Methane Nitrous Oxide.

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Emissions Trading

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  1. Emissions Trading What is it?

  2. Emissions Trading • a Government initiative to address climate change via a scheme to reduce greenhouse gas emissions

  3. Climate Change and the Greenhouse Effect • Main • Greenhouse • Gases: • Carbon Dioxide • Methane • Nitrous Oxide http://www.britain4kiwikids.org.nz/news/images/globalw2.jpg

  4. Emission; A substance discharged into the air How are excessive levels of greenhouse gas pollutants released into the atmosphere? Human activity is changing the atmosphere by generating pollutant emissions; what are some of them?

  5. http://www.blueman.com/land/archive/earth/

  6. Global anthropogenic greenhouse gas emissions broken down into 8 different sectors for the year 2000. http://www.answers.com/greenhouse%20gas

  7. Emissions Trading; How does it work? In Australia, the Government is currently preparing to implement an emissions trading scheme; “Carbon Pollution Reduction Scheme” http://www.youtube.com/watch?v=nJZTFiBCM2Y • Targets companies that produce 25,000 tonnes or more of greenhouse gas emissions per year = 1,000 companies. • Total emissions allowed to emit each year is called a ‘cap’. • ‘PAY TO PULLUTE’ • giving incentive to reduce emissions • Invest in environmentally friendly energy technologies

  8. Regulation and Trading • To regulate the scheme, the Government will auction a number of emission ‘permits’ up to, but not exceeding the cap. • Companies will be required to purchase one permit for every one tonne of greenhouse gas emission they produce over a one year period; this will be monitored by the Government’s regulatory department 1tonne = 1 permit • At the end of each year companies relinquish their number of permits to the government. • Permits will be available for trade on an emissions permit ‘market’. As companies dependent on fossil fuels compete for permits the price is pushed up.

  9. Incentive to Decrease Pollution • For other companies it will be more cost effective for them to reduce their emissions rather than purchase permits at very high rates • Allow the opportunity to sell spare permits they don’t use. • Further investment into alternative energy technologies. • Whatever direction companies decide to take, they will be managing their emission rates within the total cap with the flexibility to do so at the lowest cost, whilst at the same time effectively contributing in efforts to address climate change.

  10. Australia’s ‘Carbon Pollution Reduction Scheme’ Operating within the capped amount of total emissions allowed CAP Competes with other companies and pays high price for permits Sells unused permits as more cost effective to reduce emissions Emission Permits Market Company A Company B Chooses to Pay to Pollute rather than implement costly long-term organisational changes Invests in alternative energies and reduces emissions Regulator monitors and verifies company emission rates

  11. Image references References Skinner, B.J., Porter, S.C., & Botkin, D.B. (1999). The Blue Planet: An Introduction to Earth System Science. Hoboken: John Wiley& Sons, Inc. Green Paper - Carbon Pollution Reduction Scheme July 2008. Retrieved August 20, 2008, from http://www.climatechange.gov.au/greenpaper/summary/index.html. http://adg.stanford.edu/aa241/emissions/emissions5.jpg http://www.abc.net.au/reslib/200806/r263320_1098275.jpg http://blog.wired.com/cars/images/2007/12/13/emissions.jpg http://blogs.thecarconnection.com/blogs/paul_blog/wp-content/uploads/2008/06/tailpipe-emissions.jpg http://www.nytimes.com/2007/06/05/business/worldbusiness/05emissions.html http://www.abc.net.au/reslib/200804/r245383_1001293.jpg http://blogs.guardian.co.uk/environment/emissions-murdo-macleod.jpg http://www.bc.cas.cz/en/img/vyzkum/upb-emise-oxidu-dusneho-a-methanu-z-pudy-1.jpg http://climatex.org/media/images-image-image/Garbage_landfill.jpg http://damiandegoa.com/images/electronicimages/sharp_refridgerator.jpg http://www.cybertheater.com/wp-content/uploads/2007/10/phillips-42pfl9532-tv.jpg http://www.coastalsound.com.au/web_images/Computer%202.jpg http://upload.wikimedia.org/wikipedia/commons/a/a9/Australian_Light_Switch.jpg http://farm2.static.flickr.com/1021/527346538_ba06fe59a4.jpg?v=0 http://www.4cabling.com.au/WebRoot/ecdb2/Shops/4Cabling/4803/ED87/12E0/4D2E/C0EA/C0A8/D20C/20AA/single_0020_GPO_0020_front_m.jpg http://www.enterprisesales.ie/product_images/products/blow%20heater%20for%20web.jpg http://www.geology.ar.gov/images/coal_backhoe.JPG http://www.co2emission.co.uk/images/co2_emission_banner2.gif http://www.ecn.nl/fileadmin/ecn/corp/Nieuwsbrief_NL/2006/Illustraties/Uhde1.jpg http://www.australiancoal.com.au/cleantechAus.htm http://energytechstocks.com.previewmysite.com/wp/wp-content/uploads/2007/12/co2-cap330.jpg http://parks.ci.lubbock.tx.us/images/PERMIT%20GRAPHIC.jpg http://www.tiletown.co.uk/published/2/resources/Images/Gallery/Pack_Pics/no_more_ply/Pic-J.gif http://www.grcblog.com/wp-content/uploads/bloggers/5/blog_images/solar2.jpg http://images.businessweek.com/ss/07/07/0727_alternative_energy/image/slide1.jpg http://www.dep.state.fl.us/secretary/news/2006/12/images/1212_01_solar.jpg http://www.internationaleducationmedia.com/images/sustainable_energy_engineering.jpg http://www.youtube.com/watch?v=nJZTFiBCM2Y

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