Emissions_trading[1]

Emissions_trading[1] - The Challenge of Global Climate...

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he Challenge of Global Climate Change The Challenge of Global Climate Change and Greenhouse Gas Reduction Source: International Atomic Energy Agency
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How Can We Prevent a Tragedy of the gy Commons? 1) Socialization – Reinforce social norms, create an “Environmental Ethic” 2) Regulation – Restrict access by issuing use permits; Mandate clean technologies 3) Incentives – Subsidize cleaner technologies, tax dirtier ones 4) Privatization – Divide up commons and create private property rights that can be sold, or traded
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Emissions trading (“Cap & Trade”) Regulatory “ ubble” bubble The bubble (# permits) shrinks every year A B C mitters/sources are regulated collectively, rather than individually. Emitters/sources are regulated collectively, rather than individually. Emitters can buy and sell unused permits among themselves.
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This note was uploaded on 09/07/2011 for the course BUS 682 taught by Professor Staff during the Spring '11 term at S.F. State.

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Emissions_trading[1] - The Challenge of Global Climate...

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