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Reversing Climate Change
Hardcover
Technology & EngineeringEnvironmental StudiesGeneral Political Science
ISBN13: 9789814719346
Publisher: World Scientific Publishing Company
Published: Jul 28 2020
Pages: 364
Weight: 1.44
Height: 0.81 Width: 6.00 Depth: 9.00
Language: English
The Kyoto Protocol capped the emissions of the main emitters, the industrialized countries, one by one. It also created an innovative financial mechanism, the Carbon Market and its Clean Development Mechanism (CDM), which allows developing nations to receive carbon credits when they reduce their emissions below their baselines. The carbon market, an economic system that created a price for carbon for the first time, is now used in four continents, is promoted by the World Bank, and is recommended even by leading oil and gas companies. However, one critical problem for the future of the Kyoto Protocol is the continuing impasse between the rich and the poor nations.
Who should reduce emissions -- the rich or the poor countries?
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