Environmental Engineering Reference
In-Depth Information
ing and sustainable development opportunities
through carbon revenues that would not have been
otherwise available. Continued expansion into
Africa provides exposure to OECD countries into
newly emerging markets and brings opportunities
for technology and knowledge transfer without
compromising financial returns. Overall, these
developments and successes are reducing global
emissions. Indeed, world carbon dioxide emis-
sions from energy use fell 1.4% last year, the first
time since 1998. In large part this is thanks to the
reduced economic activity from the recession, but
in small part it can be linked to the global actions
being advocated and assumed by governments,
companies and civil society. Continuing on this
trajectory and utilising the tools available through
carbon will ensure environmentally aware busi-
ness models and sustainable solutions for global
economic development.
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The Journal of Law & Economics
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trends of the carbon market 2010
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REFERENCES
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ics of climate change. HM Treasury, London.
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sternreview_index.htm
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KEY TERMS AND DEFINITIONS
Kyoto Protocol:
The 1997 environmental
treaty, ratified in 2005, which agreed a 2012 tar-
get for developed country signatories to reduce
their emission and created flexible market based
mechanisms in including the EU ETS and CDM
to help meet the targets.
EU ETS:
The EU Emissions Trading Scheme
which is one of the tools the EU can use to help
meet its greenhouse gas emissions reduction tar-
get under the Kyoto Protocol of 8% reductions
of greenhouse gas emissions from 1990 levels
by 2012. It covers over 10,000 installations;
Bernstein, S. (2001).
The compromise of liberal
environmentalism
. New York, NY: Columbia
University Press.
CDM. (2010).
What is a programme of activities?
CDM rulebook: Clean development mechanism
rules, practice & procedures.
Retrieved from
https://cdmrulebook.org/452
Chiang, L., & Wheatley, A. (2010, June 10). China
to face power shortages this summer.
Thomson
Reuters
.
