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Cap and trade is touted as a method of reducing GHG emissions based on:
* capping the amount of GHGs that a plant can emit (in total tonnes/yr) with a declining permitted amount over the following years. * emissions in excess of the permitted amount cost the firm a fee (say $10/tonne) Assume the company can either pay the fine or put in pollution control equipment which would remove GHGs at a cost of more than $10/tonne.
What is supposed to happen next is that another firm which will be below it's permitted emission rate will step up and sell the "hole" for $8/tonne, making money for themselves and saving the first company $2/tonne. Alternately if he first company can put in a GHG control system at the second company for less than one at their own plant site they will do that and claim the reduction for themselves.
What I have seen happen is that, since this activity looks more like commodity trading than pollution control, the company's trading staff get involved instead of the environmentalists and engineers. You soon have a futures market in GHGs - big bucks to be made by all.
Except the purpose of the program is to reduce GHGs not play with them.
What else can I help you with?
What are three types of pollution?
The types of pollution are 1 Air Pollution. (It needs air pollution control ) 2 Water Pollution. (It needs water pollution control ) 3 Noise Pollution (It needs noise pollution control ) 4 Environmental Pollution (It needsenvironmental pollution control ) 5 Soil Pollution (It needs soil pollution control ) 6 Gaseous Pollution (It needs gaseous pollution control )
What are the different types of types of pollutions?
Pollution is of various types, and It needs different type of Pollution control1 Air Pollution. (It needs air pollution control2 Water Pollution. (It needs water pollution control )3 Noise Pollution (It needs noise pollution control )4 Environmental Pollution (It needs environmental pollution control )5 Soil Pollution (It needs soil pollution control )6 Gaseous Pollution (It needs gaseous pollution control )
Aim and objective of industrial pollution control?
objectives of pollution control?
When was Maharashtra Pollution Control Board created?
Maharashtra Pollution Control Board was created in 1970.
How load shedding saves pollution?
Control the pollution
Can you get a job with a diploma in pollution control from the open university?
Environment & Pollution Control job in ranchi
When was Gujarat Pollution Control Board created?
Gujarat Pollution Control Board was created in 1974.
How can we control air pollution?
We can control air pollution points by adding air filters to the exit points.
Do all cars have air pollution control systems?
Yes. All cars have begun to be built with air pollution control systems in them due to the increase in pollution in urban cities. Some cars have air pollution control systems and some don't.
When was Oceanside Water Pollution Control Plant created?
Oceanside Water Pollution Control Plant was created in 1994.
What is an air pollution control district?
An air pollution control district is any of a group of districts which are established and help in protecting the public from the harmful effects of air pollution.
What is the full form of CPCB?
The full form of CPCB is Central Pollution Control Board. It is an organization in India responsible for implementing environmental laws and regulations to control and prevent pollution.
