Not exact matches
Developed countries got some of the flexibility they wanted: For instance, they can purchase
emission credits from countries able to cut
emissions beyond their required amount, or receive credit for
emission reductions achieved through a
project like a hydroelectric dam in a developing country.
In basic terms, the CDM is a program in which developing countries,
like China, who are not bound by carbon
emission reduction obligations, are encouraged to undertake
projects in their jurisdiction that result in carbon
emission reductions through financing provided by developed countries, who are themselves bound by such obligations and can credit such
emission reductions to their obligations, even though those
reductions have taken place in the developing country.
At last week's Africa Carbon Forum (ACF), delegates called for stronger emphasis on results - based climate finance for both mitigation and adaptation to climate change, and they reiterated their support for market - based mechanisms
like the Clean Development Mechanism (CDM), which allows
emissions - reducing
projects to earn certified
emissions reduction (CERs) that can be traded to meet overall national
reduction goals.
When you inject capital from a program
like the GreenON Industries program, it allows companies to achieve the
emission reduction targets stipulated by the legislative requirements as well as allowing them to invest their capital into a
project that might not otherwise have a reasonable return on investment (ROI).
Supporting
projects like Burn Stoves through voluntary and compliance carbon market mechanisms, allows Aviva to fully compensate for the
emissions generated at its 16 international business locations, whilst it continues to invest in internal
emissions reductions.
They will lock Europe into fossil fuel use, jeopardise
emissions reduction targets and prevent investments in genuine solutions —
like the development of community renewable energy resources, and energy savings
projects.
In addition, China has met its 2020
emissions reductions goal three years early (noting, though, that while coal use in China is declining, Chinese companies are working to build and finance the construction of coal - fired power plants elsewhere,
like this
project in Kenya.)
When cities are trying to reach their Kyoto -
like emission reduction goals, how do they balance deed - restrictions and voter happiness, with sustainability
projects (housing, composting, traffic), that don't fit under normal codes.
Cap and trade may seem
like the big offer on the
emission reductions table at the moment — one mention of alternatives
like a straight carbon tax send many people (the average American in particular) into apoplectic fits — but Annie «The Story of Stuff» Leonard wants you to take a closer look.There are so many troubling details in how cap and trade is currently proposed — free permit giveaways to polluters, massive potential for bogus offsetting
projects, the ever - present potential of distracting us from making real changes — that we really need to consider other options.