Rationale Behind Emissions Trading Schemes

Rationale Behind Emissions Trading Schemes

Nicola Steen

30 years: Emissions Trading Schemes

In this video, Nicola Steen first explains the basics of greenhouse gases and then explains the theory of emissions trading schemes and how they emerged as a potential solution to limit the rising greenhouse gas levels.

In this video, Nicola Steen first explains the basics of greenhouse gases and then explains the theory of emissions trading schemes and how they emerged as a potential solution to limit the rising greenhouse gas levels.

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Rationale Behind Emissions Trading Schemes

8 mins 59 secs

Overview

Climate change is arguably the world’s biggest problem, not just for us today, but for future generations too. This is a result of the rising level of greenhouse gases. One critical point is that it doesn’t matter where in the world a tonne of greenhouse gases is emitted, it has the same effect on global climate change. Capping and trading emissions presents itself as a cost-efficient and effective way to ensure a global cap is met.

Key learning objectives:

  • Understand the main greenhouse gases and their Global Warming Potential (GWP)

  • Comprehend the theory of capping and trading emissions

  • Understand how the suggested implementation of emissions trading works in practice

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Summary
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Expert
Nicola Steen

Nicola Steen

Nicola Steen has been working on using market mechanisms to reduce levels of greenhouse gas emissions since 1989. She helped instigate the pan-industry and government discussions that led to the UK Emissions Trading Group and the first pan-economy emissions trading scheme in the world. Most recently, she is working again on the voluntary carbon markets, seeing new capital and attention moving towards bolstering sustainable solutions.

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