30 years: Emissions Trading Schemes
In this video, Nicola Steen first explains the basics of greenhouse gases and then explains the theory of emissions trading schemes and how they emerged as a potential solution to limit the rising greenhouse gas levels.
In this video, Nicola Steen first explains the basics of greenhouse gases and then explains the theory of emissions trading schemes and how they emerged as a potential solution to limit the rising greenhouse gas levels.
Climate change is arguably the world’s biggest problem, not just for us today, but for future generations too. This is a result of the rising level of greenhouse gases. One critical point is that it doesn’t matter where in the world a tonne of greenhouse gases is emitted, it has the same effect on global climate change. Capping and trading emissions presents itself as a cost-efficient and effective way to ensure a global cap is met.
Key learning objectives:
Understand the main greenhouse gases and their Global Warming Potential (GWP)
Comprehend the theory of capping and trading emissions
Understand how the suggested implementation of emissions trading works in practice