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Faq Will there be emissions trading after the Kyoto period ending 2012?
The international climate negotiations are still ongoing, however many of the domestic and areal emission trading schemes will continue despite the outcome of the international negotiations. For example, rules for the EU ETS are set until 2020. It is also obvious that the cost-efficiency ensured by emissions trading is a must for any future emission reduction scheme.
Who can participate in emissions trading? Under the obligatory schemes companies from for example energy sector and energy-intensive industry are obligated to participate in trading if they have a scarcity of allowances. Most of the schemes allow also other companies and private persons to participate in the market. Project developers that have a project which reduce emissions, such as renewable energy or energy efficiency projects, can participate in trading via so-called Joint Implementation (JI) or Clean Development Mechanism (CDM).
What is renewable energy Guarantee of Origin? Guarantee of Origin (GoO) is issued according to EU and national legislation for electricity produced from renewable energy sources. GoO can be used as a proof that underlying electricity is based on renewable production. GoO’s can be electronically transferred between countries and companies.
What types of projects are eligible for CDM? All projects that reduce greenhouse gas emissions in developing countries are potentially eligible for CDM. Typically CDM projects are renewable energy, energy efficiency and methane capture and combustion projects.
What are market based environmental policy tools? Traditionally environmental problems have been reduced with so-called command-and-control policies, where emission limits are set for pollutions sources. Market based policy tools put price on emissions and in this way make it less attractive to pollute. Market based policies are for example emission taxes and emissions trading. Moreover, renewable energy production can be supported with market mechanisms. In a green certificate system, renewable energy producers will receive green certificate for each produced energy unit and demand for these certificates is created by setting a buying obligation to some market participants such as electrity seller (like the Swedish Elcert-scheme).
How do I trade EU emission allowances (EUAs)? One can trade EUAs on the bilateral Over-the-Counter (OTC) -market or in exchanges. GreenStream provides market access to both markets, please have a look on our intermediary services.
How can I reduce my carbon footprint? It’s easy to reduce your carbon footprint or even becoming carbon neutral and we can show you how. To find out more please contact us.
Does offsetting my flight emissions help the environment? Yes, because the money is invested in carbon reduction projects that help to reduce the global carbon emissions. To find out how offsetting can benefit your business, contact us. |
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