Kyoto Protocol And Its Effect On Climate Change Essay

Bush campaigned for the 2000 election, he explicitly opposed Kyoto as it “would cause serious harm to the US economy” (Borger, 2001). The international issue of global warming was thusly labeled as something that could be ignored in favor of local economic profit, and emission reduction was assumed to be impossibly expensive.

Cap and trade is a system aimed at diminishing the rate at which carbon is emitted into the atmosphere by creating an economic system based on meeting a certain minimal threshold or paying low-emitting companies for the right to emit in their place. For example, if company A only emits half of the emissions cap, that company can sell (or trade) the remaining credits to company B, should company B choose to emit one-and-a-half times the cap. A main objection to the cap and trade system is that it is not a strong enough means by which to curb emissions of fossil fuels and is inferior to specifically stronger carbon taxes. While initially appealing, the notion of simply strengthening carbon taxes fails to properly stifle carbon emissions and to adequately incentivize “green” development in comparison to the cap and trade system, preventing carbon taxes from occupying a central role to mitigate carbon emissions.

Cap-and-trade is a program which uses a market-based mechanism to control greenhouse gas emissions, the primary driver of global warming. The “cap” sets a limit on emissions, which is lowered over time to reduce the amount of pollutants released into the atmosphere. It limits emissions in electric power generation, natural gas, transportation, and large manufacturers. The “trade” creates a market for carbon allowances, leading to more cost-effective pollution cuts, and incentive to invest in cleaner technology. The less they emit, the less they pay, so it is in their economic incentive to pollute less. Each allowance (typically equivalent to one metric ton of carbon dioxide) are auctioned or allocated to regulated emitters on a regular basis.

Tremendous amounts of carbon dioxide are released into the atmosphere every day and the consequence is the destabilization of Earth’s climate and damage to existing and endangered ecosystems. In order to avoid these ramifications, carbon emissions must be reduced. Industrial nations like the United States rely heavily on the burning of billions of tons of fossil fuels, such as coal, oil and natural gas, as their primary source of energy generation. Unfortunately, this has led to the United States being one of the top leaders in carbon emissions in the world along with India and China (Woodard, 2007, pg. 27). A proposed solution that has already been implemented in several nations is the carbon tax (CO2 tax), which puts a price on and taxes the carbon dioxide emitted from the burning of fossil fuels and makes polluters pay the price for the emission of their negative externalities into the environment. As fuel follows through with the combustion process, carbon dioxide is released into the atmosphere where it remains. The carbon dioxide traps the heat in the Earth’s atmosphere leading to a rise in global warming and climate change (Carbon Tax Center, 2016a, What’s a Carbon Tax section, para. 2). A carbon tax can quickly and easily be implemented by the United States federal government and has the potential to conserve the environment by reducing carbon emissions,

First we should understand how the carbon cap and trade system came about. The system of carbon cap trade used to be known as ‘emissions trading’, the alliance of free-market republicans and renegade environmentalists got the system adopted as national law in 1990 as a part of the Clean Air Act, to control the power-plant pollutants that cause acid rain, which is triggered by vast clouds of sulfur dioxide

CAP and Trade is a cost-effective method for reducing emissions. The world’s largest implementation of Greenhouse gas trading system is the European Union Emissions Trading System (EU ETS) and they have been environmentally ineffective. The result of price crash non-stability in California and Quebec are also environmentally ineffective. In 2016, the emphasis was on EU ETS’s fourth phase (2021-2030) which was what the European Commission, presented changes for. The purpose of the presented changes is to bring the cap into line with the EU's 2030 objective, reducing Greenhouse Gas emissions to at least 40% nationally by 2030. The EU provides a better goal of free allocation rules and further supports low-carbon innovation and energy sector transformation. To meet the legal requirements and to compensate for excess pollution EU ETS should reduce GHG emissions, and buy emission allowances in the carbon market. They could also reduce GHG emissions

The President-elect has taken the position that the cost of complying with international environmental agreements places the United States at a disadvantage. This is enhanced, clearly, when other countries agree to the concepts of pact, but fail to comply. If these agreements fall apart, as may be the case, then international trade will again be effected. The move of companies out of the U.S. has been partly fed by their desire to avoid domestic environmental

Since the government regulates how much emissions are allowed, emissions will never rise past their cap. Contrary to that, the carbon tax has a chance to incentivize emissions even lower than a set goal, but, there is no guarantee. Lower emissions mean cheaper everything, allowing for greater profit margins. Also, carbon taxes provide a broader scope in terms of emission reductions (Carbon Tax, Baumert). On the other hand, emissions trading systems would be more suited for all six GHG included in the Kyoto Protocol. Such systems have been already applied and have achieved success in low-cost SO2 emissions. Phase I units reduced SO¬¬¬2 by 57%, while phase II reduced the by 14% after 2000

Climate is inherently variable. Climate changes from place to place and it varies with time. The world now faces one of the complex and important issue it has ever had to deal with: climate change. Climate change today is one of the biggest concerns of human beings on the planet and the effects of climate change are undeniable and it may cause environmental, social, and economic threats to the planet. We already know and easily can highlight several signs of climate change. They are: rising global sea level, widespread melting of snow and ice, rapidly changing ocean and global temperatures, and other signs. So, what are the causes of climate change? Is it natural or do human beings cause it? Well, in both cases we would be right. The climate change can be affected by natural factors, such as solar output, volcanic eruptions, and the Earth’s orbit around the Sun. Also, climate change can be affected by human activities such as, deforestation, burning fossil fuels, causing ozone hole, and building mass destructive weapons and using them on earth that causes a huge radioactivity on earth. Currently, the threat of global climate change does not threaten some nations to the extent of others. Compare the United States with the rest of African countries. We live in prosperity and in much easier time than the rest African countries. Most African countries cannot grow anything on their lands because of climate change. At the end, climate change might affect everyone on

On June 1, 2017, from the White House Rose Garden, President Donald Trump announced that he will be withdrawing the US from the landmark Paris Climate Agreement. This could be a step back from the progress that was being made during the Obama administration. It was a very puzzling decision because the majority of Americans supported the agreement. Although some people think that the Paris Climate Agreement is not important, it was a poor decision to withdraw from the agreement because it has the potential to be a very important to Earth's future.

On December 12 of 2015, 195 countries made history by committing to the first truly global international climate change agreement (Paris Agreement, 2015). This agreement took place in Paris and was adopted under the United Nations Framework Convention on Climate Change (UNFCCC). The outcome of the Paris Conference on Climate Change was described as “revolutionary” (Venezuela) “marvelous act” (China) and as “a tremendous collective achievement” (European Union) that introduced a “new era of global climate governance” (Egypt) while “restoring the global community’s faith of accomplishing things multilaterally” (USA) (Paris Agreement, 2015).

Climate change could be described as any process that causes adjustment to climate system be it a volcanic eruption to a change in the solar activity. Today, however, the phrase is most often used as climate change caused by humans. Climate change is also used commonly with another phrase – "global warming" – reflecting scientific observations of strong warming trends over the past century or so. Indicators like rising sea levels, retreating snow cover and glaciers, longer growing seasons and shifting wildlife has alarmed scientific community unanimously agreeing that the earth has warmed in the last century. Experts however are of the opinion that climate change is a more accurate phrase than global warming as the latter is just one component affecting the larger climate systems of the earth.

The Kyoto Protocol is an international agreement linked to the United Nations Framework Convention on climate change, which commits its parties by setting internationally binding emission reduction targets. Kyoto was seen only as the short-term costs of compliance, not the long-term planetary benefits. Under the Protocol, countries must meet their targets primarily through national measures. However, the Protocol also offers them an additional means to meet their targets by way of three market-based mechanisms.

1. The problem of Global Warming has been one that has increased dramatically throughout the past 150 years. This is thought to be due to increased industrialisation throughout the world in this time and this is backed up by the fact that approximately 97%(NASA, n.d.) of scientists worldwide believe that it is strongly likely the increasing global climate is due to human activity. International cooperation is required in order to solve the problem of global warming as it takes a global effort to solve a global problem. In order to reduce worldwide carbon emissions that lead to global warming, every country has to work together in order for real progress to eventuate. It isn’t good enough for most countries to reduce their carbon emissions while the main emitters like USA and China, continue to emit almost as much as the rest of the nations in the agreement. The Kyoto Protocol was created in 1997 to encourage the governments around the world to reduce their greenhouse-gas emissions. The specific goal was that countries should try to reduce their carbon emissons by 5.2% below their 1990 level by 2012. This 5.2% is a collective goal however and different countries had different targets, for example developed countries such as the USA had higher targets to reach (reduce emissions by 7%) whereas developing countries were able to increase their emissions slightly. This is because the developing countries were not the ones responsible for the initial

Pollution, specifically global warming, is of growing concern to people and governments. It is a controversial issue whose validity is still being debated by scientists. The Kyoto Protocol is an international attempt to address global warming through emissions controls. Traditional neoclassical economic models do not incorporate pollution in rudimentary theories of supply, demand, or pricing, as a result, firms do not consider pollution as a cost of production, which leaves government regulation as the primary method for controlling these externalities. The goal of emissions trading is to allow one business, which can make greenhouse gas emission reductions for a relatively low cost, to sell