have previously turned to solutions surrounding cap and trade or carbon tax legislation. However, with every solution, whether it be cap and trade, or carbon taxes, comes pros and cons. Those who favor cap and trade value its long term environmental promises, economic incentives (allowances and allowance auctions), and efficiency. On the other hand, those appreciate carbon taxes because of their simplicity, promising tax revenue, and market certainty. Fans of cap and trade and carbon taxes, like David
Government enacted solutions are probably the most effective ways to reduce carbon emissions and to control pollution since unfortunately the majority of individuals mainly act to their own self-interest and are not concerned with the future of the planet. This is a prime example of the tragedy of the commons, which is the exploitation of a common resource. In this case the common resource is the atmosphere. The first method proposed is the carbon cap trade system. The term cap means the limit or
Cap and Trade: One Solution to Climate Change The threat of climate change in recent years is recognized as a real and potentially catastrophic threat to the health and welfare of our planet, as industrialized nations continue to run their economies by burning carbon into the atmosphere. Recently, it has taken on a larger role in our national media, the public, and the government, as the effects of anthropogenic climate change become more evident. In the United States, for example, the year 2007
Cap and Trade “A carbon cap and trade system has long been rumored to be in the offing at the federal level as a way to both reduce emissions and raise revenue for transit, and transportation, investment. That said, few truly understand how the proposed system works and how it might impact their community” ("An Introduction to Cap-and-Trade Programs"). To better understand what is cap and trade, we have to know why we need to have this system. A long time ago, cap and trade use to be known as
catastrophe. The solution should be to use a global cap and trade system per capita which would compensate poor nations for damages that rich nations would cause. Climate change has been brought about by wealthy nations spewing greenhouse gases into the atmosphere more than their population ever justified. Now the poor and third world countries want reparations for the damage done to their atmosphere while leaving them using less than their fair share of the atmospheric sink. The solution that would work
Kun Lou Why a National Carbon Cap-and-Trade Program is Missing? Cap-and-trade is a system designed to reduce emissions. Once a cap of certain emissions is set, companies are allowed to sell their unused portion to ones who exceed the cap. The feature of cap-and-trade is that instead of commanding companies how to reduce their emissions, it simply imposes a cap on emissions1. A company makes it own decision on how to use it allowance. Companies are rewarded by selling the left quota under the
The battery of an electric vehicle must be improved in a way that will also reduce costs. We might be able to build a better battery for the electric car to make it more efficient and more appealing to consumers, but what is the point in building better batteries if they still cost a fortune? In the article, “How Improved Batteries Will Make Electric Vehicles Competitive” by Kevin Bullis who is a senior editor for MIT Technology Review, claims that some researchers believe the high costs is what
The largest of these programs being the Common Agricultural Policy (CAP). Currently CAP makes up 47% of the EU budget and cost Britain millions and millions of pounds annually. But the current policy is not to redistribute funds equally or support growing agricultural markets in less developed EU member states. A majority of the CAP funds are used to secure and subsidize French agriculture market. In general, and specifically with CAP the United Kingdom receives less in benefits than what it puts in
individuals with clean sources of energy and it reduces the impact that it will have on the environment (Why is renewable energy important?) Second, if we use renewable energy then we will have energy for future generations, such as our children and our grandchildren because renewable energy will never run out we will always have it, unlike other sources of energy that will eventually run out (Why is renewable energy important?). Third, renewable energy sources are important for the world’s economy
animals who need help so reduced the animals’ stress. Moreover, zoos can educate people about the importance of rescuing endangered animals. Therefore, there are some people who believe that keeping zoos are better for animal extinction and people’s entertainment. However, in fact, Zoos are not a solution to an animal conversation. This is because animals today are still abused with unethical behavior, bad environment, and commercial use. First of all, people operate the zoo with unethical behavior. They