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Greenhouse gas emissions (sometimes abbreviated GHG emissions), generically called carbon emissions or CO2 emissions are gases in an atmosphere that absorb and emit radiation within the infrared range. The balance between absorbed and emitted infrared radiation has a critical effect on Earth’s climate and environment. The GHG emissions process is the fundamental cause of the controversial greenhouse effect, which generates the global warming...
Greenhouse gas emissions allowances, generically called CO2 allowances or carbon certificates, are traded rights, representing 1t of CO2 which was not released into athmosphere (non-emmitted CO2). Carbon allowances within the EU ETS practically derive from the European Commission annual allocations to ETS countries and installations (EUAs), and from CO2 and other GHG emission reductions projects developed under the UN mechanisms, such as CDM (Clean...
The most important greenhouse gas emissions trading market is the EU ETS – The EU Emissions Trading System . Set up in 1995, the EU ETS covers now more than 11,000 polluting installations as well as airlines from 31 European countries – EU countries plus Norway, Iceland and Liechtenstein. The EU ETS is the first and, at the same time, the largest GHG allowances trading system in the world, taking into account its volume. In the European...
At international level, UN member states created in 1992 the most important international climate change treaty: The United Nations Framework Convention on Climate Change (UNFCCC or FCCC). The objective of this treaty is to “stabilize greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the...
Carbon emissions trading is emissions trading specifically for carbon dioxide and other greenhouse gas emissions recognized by the Kyoto Protocol, calculated in tonnes...