The EU emissions trading system (EU ETS) is a cornerstone of the European Union's policy to combat climate change and its key tool for reducing industrial greenhouse gas emissions cost-effectively. Find out how it does so http://ec.europa.eu/clima/policies/ets
Views: 54301 European Commission
Take 4 minutes to understand how does the European Union carbon emissions trading scheme work.
Views: 17416 ademe
You want to dive deep into the world of finance and management? Visit us: http://www.frankfurt-school.de/en/home/programmes.html?utm_source=youtube&utm_medium=ACQUISITION Burning fossil fuels like coal, oil or natural gas moves cars, produces electricity or heat. Unfortunately, it also generates carbon dioxide emissions, and drives climate change. The European Union has decided to strongly reduce emissions. Obviously this should be done at the lowest costs to the firms and the people. That is where the Emissions Trading comes into play: The European Union fixes a carbon emissions target, then divides it into allowances, that each allow to emit one ton of CO2. These are now distributed to the firms. Now, for every ton of emissions, the firm needs to turn in one allowance. If it needs more or less, it can buy or sell them. So there will be a market for allowances. A firm will now think twice before it emits carbon dioxide: - If it is cheaper to avoid a ton of emissions and sell an allowance then the firm will do that. - But also: The firm may choose to emit more and just buy an allowance if that increases profit. Therefore, the firms will end up in a situation where they all face the same costs if they would want to avoid an additional ton of CO2. That means: The cheap abatement options are used – and at the same time no firm is forced to use particularly expensive ways to reduce emissions as it can always buy allowances. In other words: the economy has reached the emissions target in the cheapest way.
Views: 21113 Frankfurt School of Finance & Management
Fabien Roques, professor at University Paris Dauphine and senior vice president at Compass Lexecon, describes the European Union Emission Trading Scheme and its evolution since its inception in 2005 (GHG covered, countries and sectors involved, prices, etc.). The significant oversupply emerged since 2009-10 led to a reform of the scheme, first with the introduction of back-loading and then with the establishment of a market stability reserve.
Views: 937 Florence School of Regulation
See more videos at: http://talkboard.com.au/ In this video, we look at the basic role of an emissions trading scheme. We consider the role of a CPRS in limiting carbon emissions. The emissions trading scheme has been implemented in many countries around the globe. We want to consider the effectiveness of emissions trading, and an emissions trading scheme. We also look at what impact an emissions trading scheme and emissions trading has on market demand and supply.
Views: 1284 talkboard.com.au
On 25 September 2018, the New Zealand Emissions Trading Scheme (NZ ETS) marked its first decade since entry into law. A new video “The NZ ETS: Beyond the Barricade” has been released in honour of this milestone. The short musically inspired video was produced by Catherine Leining, a Policy Fellow at Motu Economic and Public Policy Research. Ms Leining was among the core group of New Zealand government officials who designed the NZ ETS over 2007-2008. “In its own way, the NZ ETS was quite revolutionary, although it has faced some barricades to progress. Of course, it is hard to tell that whole story in under five minutes,” said Ms Leining. “I felt that a fresh voice was needed to do justice to the dramatic account of how the NZ ETS has evolved over time.” Ms Leining has written extensively about the history, evaluation and reform of the NZ ETS. Her work has been documented in a series of Motu Working Papers and a recent Guide to the New Zealand Emissions Trading Scheme. Her analyses have been included in publications by the World Bank Partnership for Market Readiness and International Carbon Action Partnership, International Emissions Trading Association and Environmental Defense Fund, ICIS, and others. In the past, she has also been an occasional member of the New Zealand Opera Chorus. “While the video covers the turbulent period when low emission prices undermined the system’s effectiveness, it also carries a message of hope for the future. With strategic reforms backed by cross-party support, the NZ ETS can be a powerful tool for shaping New Zealand’s transition to a successful net-zero-emission economy,” said Ms Leining. No NZUs were harmed in the making of this video.
Views: 2258 Motu Research
Both a carbon tax and a system of cap and trade can be used to achieve the socially efficient level of carbon emissions. However, these two methods differ based on a number of factors. This video discusses the pro's and con's of both the carbon tax and cap and trade. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like Edspira on Facebook, visit https://www.facebook.com/Edspira To sign up for the newsletter, visit http://Edspira.com/register-for-newsletter Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin To follow Michael on Facebook, visit https://www.facebook.com/Prof.Michael.McLaughlin This video was funded by a Civic Engagement Fund grant from the Gephardt Institute for Civic and Community Engagement at Washington University in St. Louis.
Views: 9336 Edspira
In an effort to reduce pollution, the government tried two policy prescriptions under the Clean Air Act Amendments of 1990. The first—command and control—mandated that each power plant lower its pollution by a determined amount. However, different firms face different cost curves and, because information is dispersed, policymakers don’t always know those costs. The second policy prescription—tradable pollution permits—empowered firms to use knowledge of their cost curves to buy or sell pollution permits as needed. Under this policy, the invisible hand of the market helped discover the lowest cost way of reducing pollution. Microeconomics Course: http://bit.ly/20VablY Ask a question about the video: http://bit.ly/1p5hfkn Next video: http://bit.ly/1R24Bch Help us caption & translate this video! http://amara.org/v/GSnT/
Views: 156131 Marginal Revolution University
Dr. Manishika Jain in this video explains the concept of carbon trading and Kyoto Protocol. Details are given below: Kyoto Protocol & Carbon Trading Kyoto Protocol Adopted on 11 December 1997 Came in force on 16 February 2005 COP7 at Marrakesh - Rules for implementation were adopted & called "Marrakesh Accords." 1st commitment period started in 2008 and ended in 2012 - GHG ↓5% against 1990 level Aim to reduce emissions 2012- Doha Amendments – 2nd Commitment period 2013 to 2020 - GHG ↓18% against 1990 level Carbon Trading / Cap & Trade 1 𝐶𝑎𝑟𝑏𝑜𝑛 𝑈𝑛𝑖𝑡=1 𝑡𝑜𝑛 𝑜𝑓 𝐶𝑂2 𝑒𝑞. Kyoto Protocol @0:20 Carbon Trading / Cap & Trade @6:02 Mechanism @9:52 Carbon Offsets @19:25 #Reduction #Development #Emission #Mechanism #Pollute #Rewarded #Trading #Financially #Emissions #Amendments #Manishika #Examrace Mechanism Annex B – Targets to limit emissions as “Assigned Amount Units (AAU)” Removal Unit (RMU): Based on land use, land-use change and forestry (LULUCF) activities like reforestation Emission Reduction Unit (ERU): By joint implementation Certified Emission Reduction (CER): By clean development mechanism Carbon Offsets Are form of trade. If buy - ↓ GHG emissions Restore forests Update power plants and factories Increase energy efficiency of buildings and transportation Let you pay to reduce the global GHG total Register: http://www.examrace.com/Updates/UpdateRegister.html For NET Paper 1 Study material refer - http://www.examrace.com/CBSE-UGC-NET/CBSE-UGC-NET-FlexiPrep-Program/Postal-Courses/Examrace-CBSE-UGC-NET-Paper-I-Series.htm
Views: 69956 Examrace
What is EMISSIONS TRADING? What does EMISSIONS TRADING mean? EMISSIONS TRADING meaning - EMISSIONS TRADING definition - EMISSIONS TRADING explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Emissions trading or cap and trade is a government-mandated, market-based approach to controlling pollution by providing economic incentives for achieving reductions in the emissions of pollutants. Various countries, states and groups of companies have adopted such trading systems, notably for mitigating climate change. A central authority (usually a governmental body) allocates or sells a limited number of permits to discharge specific quantities of a specific pollutant per time period. Polluters are required to hold permits in amount equal to their emissions. Polluters that want to increase their emissions must buy permits from others willing to sell them. Financial derivatives of permits can also be traded on secondary markets. In theory, polluters who can reduce emissions most cheaply will do so, achieving the emission reduction at the lowest cost to society. Cap and trade is meant to provide the private sector with the flexibility required to reduce emissions while stimulating technological innovation and economic growth. There are active trading programs in several air pollutants. For greenhouse gases, which may cause dangerous climate change, permit units are often called carbon credits. The largest greenhouse gases trading program is the European Union Emission Trading Scheme, which trades primarily in European Union Allowances (EUAs); the Californian scheme trades in California Carbon Allowances, the New Zealand scheme in New Zealand Units and the Australian scheme in Australian Units. The United States has a national market to reduce acid rain and several regional markets in nitrogen oxides.
Views: 276 The Audiopedia
Watch this entertaining video to understand how the cap n trade bill, the carbon offset etc. works. Its all a big scam that makes the poor and those who pollute LESS, pay MORE!
Views: 70171 brainphreak
http://www.iiea.com/blogosphere/the-eu-emissions-trading-scheme-explained The EU Emissions Trading Scheme is currently in turmoil, as carbon prices continue to fluctuate due to oversupply in the market. A vote by the European Parliament's ITRE Committee to reject the European Commission's plan to bloster the market sent prices tumbling below €3/tonne in January but ENVI, the lead Parliament Committee voted on Tuesday, 19 January 2013, to support the European Commission's plan to backload allowances. Nevertheless, prices fell by 20% following the vote, given persistant doubts that that enough political will exists to rescue the ailing market. This video explains how the EU ETS works and forms part of the Environment Nexus project that can be found here http://www.iiea.com/environmentnexus
Views: 12027 IIEA1
Mark Lewis - Carbon Tracker's Head of Research explains the key findings of his series of 2018 reports on EU carbon markets and how the new Market Stability Reform that will start in Jan 2019 can help us get towards a 2030 CO2 emission cap consistent with the Paris Agreement. Download the reports here: Carbon Clampdown (Apr 2018): https://www.carbontracker.org/reports/carbon-clampdown/ Carbon Countdown (Aug 2018): https://www.carbontracker.org/reports/carbon-countdown/ The Carbon Tracker Initiative is a non-proﬁt organisation working to align the capital markets with the climate change policy agenda. Carbon Tracker are applying our thinking on carbon budgets and stranded assets across geographies and assets classes to inform investor thinking and the regulation of capital markets.
Views: 306 Carbon Tracker Initiative
Emission trading scheme? Cap and trade? What do these words mean? And how does it all contribute to reduced emissions of greenhouse gases? This animation shows how the scheme works.
Views: 58069 EuropeanTelevision1
Introduced eight years ago, the carbon emissions trading scheme in Europe is now faltering. The price of carbon permits has plummeted. Made in Germany explains how emissions trading works. Read more: http://www.dw.de/program/made-in-germany/s-3066-9798
Views: 4254 DW News
Emission trading scheme (EU ETS) is Europe's effort to develop a market based solution to reduce emission of greenhouse gases that are cited to be major cause for global warming. The jury is still out there on whether the scheme has been a success or not, but certainly the volume of trading in carbon credits have exploded in recent years
Views: 859 TheMiddleGround
China's economic planner, the National Development and Reform Commission, recently launched a carbon emissions trading system. Under this mechanism, companies can trade carbon emission permits like they are commodities, in the hope that it will reduce carbon emissions. Under the Paris Agreement, China has promised to cut carbon emissions by 60 to 65 percent per unit of GDP by 2030, compared with 2005 levels. In the meantime, it would boost its use of non-fossil fuels, making them account for 20 percent of China's energy consumption. While other countries' carbon markets struggled, can China's system buck the trend? Wu Changhua, China/Asia Director, Office of Jeremy Rifkin, and former Greater China Director of the Climate Group; Michael K. Dorsey, co-founder and vice president of Strategy-US Climate Plan; and Isabel Hilton, CEO and Editor of chinadialogue.net, share their views. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/ Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Twitter: https://twitter.com/CGTNOfficial Pinterest: https://www.pinterest.com/CGTNOfficial/ Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 829 CGTN
FULL VIDEO containing all seven questions: NZ's emissions trading scheme (ETS) has operated since 2008 but reducing emissions remains a major challenge. How does the ETS help us tackle climate change? Students discuss solutions with Motu's international experts: Dr Suzi Kerr and Catherine Leining. More info at http://motu.nz/our-work/environment-and-resources/emission-mitigation/emissions-trading/tackling-climate-change-with-an-emissions-trading-scheme
Views: 559 Motu Research
European Commission production: "The EU Emissions Trading Scheme (ETS) is a world first and a major weapon in Europe's fight against climate change. The innovative system has turned carbon dioxide emissions into a tradeable commodity. They can now be bought and sold like any other of the thousands of products traded on world markets today. The scheme works by placing a limit or a 'cap' on the amount of carbon dioxide participating installations - currently around 10,500 across the European Union - can emit every year. If an installation emits more than its allowance, it must either pay a very hefty fine or buy surplus allowances from companies that have managed to stay below their limit. The system ensures that overall CO2 emissions from the plants covered are cut in the most cost effective way. The video report shows: Factories and sources of CO2 emissions Renewable energies' systems ABN-Amro trading floor Pernis' Shell oil refinery (Europe's biggest oil refinery) DSM chemical plant Interviews with key figures including: Tomas Wyns, Climate Action Network Europe Jos Delbeke, Director for Climate Change & Air, DG Environment, European Commission Sara Ståhl, European Climate Exchange Gerhard Mulder, ABN-Amro Annemarie van der Rest, Shell Marc van Doorn, DSM Julia Williams-Jacobse, Dutch Environment Ministry Dr. Bert Metz, Intergovernmental Panel on Climate Change."
Views: 38895 EURACTIV
With the U.S. backing away from a cap-and-trade system, the EU Emissions Trading System (ETS) stands as a solitary, iconic, and often-criticized outpost for market-based approaches for limiting green house gas emissions. A. Denny Ellerman evaluates the performance and prospects of the EU ETS and consider whether it, and the global trading vision embodied in the Kyoto Protocol, is at a dead end or, despite all the difficulties, is still the way to an effective global climate policy. [10/2011] [Public Affairs] [Show ID: 22632]
Views: 1716 University of California Television (UCTV)
Testing the NZ ETS to facilitate native forest regeneration on Māori land. An interview with Bryan McKinlay, Director, Eastern NZ Forestry Ltd
Views: 29 Motu Research
Larry Lohmann critiques cap-and-trade (1 of 3) Saturday January 26th, 2008 Larry Lohmann is the editor of Carbon Trading: A Critical Conversation on Climate Change . He also works with The Corner House, a research and solidarity NGO in the UK and is a member of the Durban Group for Climate Justice
Views: 23463 The Real News Network
Summary haiku: Limits emissions / Lets the market find the price / Drives behaviour change. Video 1/7 A short video explaining emissions trading in New Zealand and why it works from Motu Research. More info at http://motu.nz/our-work/environment-and-resources/emission-mitigation/emissions-trading/tackling-climate-change-with-an-emissions-trading-scheme An emissions trading system (ETS) enforces an emission reduction target and increases the cost of high emitting activities driving investment and behavioural change. The government issues a limited number of emission units, which are allowances to emit greenhouse gases. Every tonne of emissions has to be matched by an emission unit. The number of emission units limit the amount of greenhouse gases emitted into the atmosphere and gives them a market value, the emissions price. This encourages New Zealanders to figure out where emissions can be reduced at the lowest cost. The number of units issued shrinks over time, allowing New Zealand to gradually transition to a low-emission economy.
Views: 523 Motu Research
Dr. Akihisa Mori presents on "Carbon Emission Trading Scheme and Energy Transition: The Case of China" at the Conference on "Governance for Sustainable Energy Transitions: The perspectives of the Asian Region" at Hong Kong Baptist University on 17 July 2017. Abstract: China launched the pilot carbon emissions trading scheme (ETS) in five cities and two provinces in 2013. Their efficiency is, however, suspected for inadequate domestic demand; limited involvement by private finance; incomplete regulator infrastructure; and excessive state intervention including price control. An increase in renewable energy and the use of offset credit could spur excess supply of carbon credit. Against this backdrop, this presentation explores how China’s pilot ETS works for carbon emission reduction and energy transition, taking the ETS in Guangdong as a case. It employs mixed research method that consists of extensive review of documents and publications, statistical analysis and semi-structured interview. There are two implications. First, it is not ETS, but other regulations such as coal consumption cap, carbon intensity target and approval of new power generation projects that are binding. Second, Guangdong province is causing carbon leakage by “supporting” coal power expansion in other provinces, rather than by purchasing offset credit generated there. Profile: Dr. Mori has conducted research on environmental, energy and climate policy, governance, and fiscal reform in East and Southeast Asia. He published several edited books, including Environmental Fiscal Mechanism and Reform: East Asia and Europe and Green Growth and Low Carbon Development in East Asia from Routledge.
Views: 105 Asian Energy Studies Centre
http://www.ukipmeps.org | http://www.ukip.org • European Parliament, Brussels, 16 September 2015 • David COBURN MEP, UK Independence Party (Scotland), Europe of Freedom and Direct Democracy (EFDD) group - @DavidCoburnUkip • Debate: Decision adopted on 15 July 2015 on the energy summer package Commission statement [2015/2736(RSP)] .................... • Video: EbS (European Parliament) .................................. • EU Member States: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden, United Kingdom
Views: 308 UKIP MEPs
What policies should the EU pursue in order to rapidly bring down emissions? This animation, and accompanying report, look at European Union Emissions Trading Scheme (EUETS), set in the context of other climate policies, such as those that promote renewables and energy efficiency. The research looks at what has happened so far, and how the EU can best move forward now we understand better how different policies interact. See the full report here: https://goo.gl/YgEQfu
Views: 1240 Phil MacDonald
The webinar will address the effect the emissions trading scheme ETS has or does not have on energy efficiency in the EU manufacturing industry. The data are taken from the Odyssee data-base on energy efficiency covering all EU countries. Using these data as well as additional infor-mation about emission allowance prices and gas prices, no effect of the ETS on energy efficiency in EU industry can be observed. A second part will focus on what options are available to increase the effect of the ETS on energy efficiency improvements in industry.
Views: 92 Leonardo ENERGY
Support: http://www.ukip.org/donations | http://www.ukipmeps.org • European Parliament, Brussels, 28 November 2012 • Speaker: Roger Helmer MEP, UK Independence Party (UKIP, East Midlands), Europe of Freedom and Democracy group (EFD) - http://rogerhelmer.com • Committee on Industry, Research and Energy (ITRE) • Item on Agenda: 10.0 (ITRE/7/10158) Amendment of Directive 2003/87/EC clarifying provisions on the timing of auctions of greenhouse gas allowances ...................... • Video: EbS (European Parliament) .................................. EU Member States: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden, United Kingdom
Views: 485 UKIP MEPs
The European Commision presented on 23 January 2008 a major package to combat climate change and improve the EU´s energy security and competitiveness. It includes a proposal to broaden and strengthen the Emissions Trading Scheme (EU ETS), with a view to improve its functioning and extending the scope of the third trading period starting in 2013.
Views: 506 expozaragoza2008eu
Denny Ellerman (MIT's Sloan School of Management) talks about "The EU Emissions Trading Scheme: a Prototype Global System?" at the Executive Seminar Series of the Academy of Global Governance, at the Robert Schuman Center for Advance Studies, Florence, 18-22 October 2010.
Views: 547 globalgovernanceprog
This is an audio version of the Wikipedia Article: https://en.wikipedia.org/wiki/New_Zealand_Emissions_Trading_Scheme 00:05:00 1 Economics 00:05:09 1.1 Pricing the externality 00:06:16 1.2 Efficiency and equity 00:07:20 1.3 Carbon leakage 00:08:39 1.4 Competitiveness risks 00:09:54 1.5 Issuing the permits: 'grandfathering' versus auctions 00:13:29 1.6 Lobbying for free allocation 00:14:22 1.7 New Zealand allocation 00:14:59 1.8 Economic modelling 00:18:21 2 First version of the emissions trading scheme, 2008 00:18:35 2.1 Background 00:19:04 2.2 Labour's emissions trading scheme 00:22:10 3 The amendments of 2009 00:22:22 3.1 History 00:24:06 3.2 Submissions to the Finance and Expenditure Committee 00:24:35 3.3 Absence of a cap on emissions 00:27:37 3.4 Allocation of NZ Units to trade-exposed activities 00:29:08 3.5 Fiscal impact of allocation 00:31:19 3.6 Decrease in allocation of units 00:32:24 3.7 Transitional assistance 00:33:58 3.8 Delayed entry for agricultural emissions 00:35:23 4 The Climate Change Response (Moderated Emissions Trading) Amendment Act 2009 00:35:39 4.1 Adoption 00:36:30 4.2 Technical Details 00:39:40 4.3 Sector entry dates obligations and allocations 00:40:04 4.4 Units able to be traded 00:42:42 5 Reaction to the Climate Change Response (Moderated Emissions Trading) Act 2009 00:42:58 5.1 Business and farming 00:44:58 5.2 Editorial opinion 00:45:54 5.3 International media 00:47:22 5.4 Commentators 00:49:36 5.5 Political parties 00:52:01 5.6 Environmental organisations 00:53:55 5.7 Parliamentary Commissioner for the Environment 00:55:53 6 2012 review of the New Zealand ETS and amendments 00:59:33 7 2015 review of the NZETS 01:00:03 8 Market performance and trading 01:00:14 8.1 Unit register 01:01:03 8.2 Market size 01:04:52 8.3 Export of units overseas 01:06:08 8.4 Import of international units 01:07:46 8.5 Price movements 01:10:11 9 Impacts on prices 01:10:22 9.1 Petrol 01:11:24 9.2 Electricity 01:13:07 10 See also Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago. Learning by listening is a great way to: - increases imagination and understanding - improves your listening skills - improves your own spoken accent - learn while on the move - reduce eye strain Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone. Listen on Google Assistant through Extra Audio: https://assistant.google.com/services/invoke/uid/0000001a130b3f91 Other Wikipedia audio articles at: https://www.youtube.com/results?search_query=wikipedia+tts Upload your own Wikipedia articles through: https://github.com/nodef/wikipedia-tts Speaking Rate: 0.766095771713059 Voice name: en-GB-Wavenet-A "I cannot teach anybody anything, I can only make them think." - Socrates SUMMARY ======= The New Zealand Emissions Trading Scheme (NZ ETS) is a partial-coverage all-free allocation uncapped highly internationally linked emissions trading scheme. The NZ ETS was first legislated in the Climate Change Response (Emissions Trading) Amendment Act 2008 in September 2008 under the Fifth Labour Government of New Zealand and then amended in November 2009 and in November 2012 by the Fifth National Government of New Zealand. The NZ ETS covers forestry (a net sink), energy (42% of total 2012 emissions), industry (7% of total 2012 emissions) and waste (5% of total 2012 emissions) but not pastoral agriculture (46% of 2012 total emissions). Participants in the NZ ETS must surrender one emission unit (either an international 'Kyoto' unit or a New Zealand-issued unit) for every two tonnes of carbon dioxide equivalent emissions reported or they may choose to buy NZ units from the government at a fixed price of NZ$25. The one-for-two transitional measure will be phased out evenly across relevant sectors over three years from 1 January 2017. The old 50 percent surrender obligation increased to 67 percent from 1 January 2017, and will increase to 83 percent from 1 January 2018, and a full surrender obligation from 1 January 2019 for all sectors in the NZ ETS. This phased approach was intended to allow businesses time to plan and adjust, and therefore to support a more stable market.Individual sectors of the economy have different entry dates when their obligations to report emissions and surrender emission units took effect. Forestry, which contributed net removals of 17.5 Mts of CO2e in 2010 (19% of NZ's 2008 emissions,) entered the NZ ETS on 1 January 2008. The stationary energy, industrial processes and liquid fossil fuel sectors entered the NZ ETS on 1 July 2010. The waste sector (landfill operators) entered on 1 January 2013. From November ...
Views: 5 wikipedia tts
For the European Union to achieve its ambitious climate and energy objectives, its Emissions Trading Scheme (ETS) is being reformed to reduce greenhouse gas emissions in a more cost-effective way. The purpose of this online event is to examine which short and long-term measures are being deployed and considered to address the surplus of emission allowances that undermine the functionality of the world's largest carbon market. In particular, the webinar will provide an assessment of reform options that can help increase and stabilise the EU's carbon prices and incentivise industries within the ETS to reduce their emissions.
Views: 63 Louise Coffineau
China is expected to launch a national system for dealing with carbon emissions by the end of this year. The state council is reviewing the final details of the plan.
Views: 428 CGTN America
Testing the NZ ETS to facilitate native forest regeneration on Māori land. An interview with Nikki Serancke, Chairperson, Nuhuti Q
Views: 45 Motu Research