(DOWNLOAD) "Trading in the Carbon Market: Leveling the Playing Field in Sustainable Investment." by Suffolk Transnational Law Review ~ Book PDF Kindle ePub Free
eBook details
- Title: Trading in the Carbon Market: Leveling the Playing Field in Sustainable Investment.
- Author : Suffolk Transnational Law Review
- Release Date : January 22, 2010
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 334 KB
Description
INTRODUCTION Despite the rhetoric from the developed world touting goals of environmental protection, most nations have continued investing in carbon intensive energy sources and promoting trade agreements that merely pay lip service to sustainable development. (1) Behind these actions is the view that environmentally-sound policy is a roadblock to economic growth. (2) With the first phase (Phase I) of the Kyoto Protocol (Kyoto) underway, developed nations are using market based strategies and Kyoto's flexibility mechanisms to meet their initial carbon emission targets. (3) The United Nations Framework Convention on Climate Change (UNFCCC) and Kyoto create an opportunity to build environmentally sustainable economies and turn what some nations refer to as an economic hindrance into a growth opportunity. (4) Through Kyoto's cap and trade system and its flexible methods for meeting emission caps, developed nations are investing in carbon abatement projects in the developing world and creating new investment opportunities for host nations. (5) Unfortunately, no silver bullet exists for reaching the desired greenhouse gas (GHG) emission reductions, so any effort to truly tackle the problem involves analyzing the complex nature of the climate change issue. (6)
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