Asia-Pacific Emissions Trading Forum
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Asia-Pacific Emissions Trading Forum
The Asia-Pacific Emissions Trading Forum (AETF) was an information service and business network dealing with domestic and international developments in emissions trading policy in Australia and the Asia-Pacific region. The AETF was originally called the Australasian Emissions Trading Forum, and was founded in 1998 under the auspices of the Sydney Futures Exchange following a proposal from Beck Consulting Services. From 2001 until 2011 the AETF published th''AETF Review''{dead link, date=October 2016 , bot=InternetArchiveBot , fix-attempted=yes (Bib ID 3998494), held regular member meetings and convened numerous events and conferences. The AETF Review was published six times per year and included original articles on emissions trading developments and related topics. In 2011 the AETF formed the foundation of the neCarbon Market Institute a not-for-profit institute, established in Melbourne, Australia to continue and develop the AETF programs. The AETF was founded to assist all pot ...
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Emissions Trading
Emissions trading is a market-based approach to controlling pollution by providing economic incentives for reducing the emissions of pollutants. The concept is also known as cap and trade (CAT) or emissions trading scheme (ETS). Carbon emission trading for and other greenhouse gases has been introduced in China, the European Union and other countries as a key tool for climate change mitigation. Other schemes include sulfur dioxide and other pollutants. In an emissions trading scheme, a central authority or governmental body allocates or sells a limited number (a "cap") of permits that allow a discharge of a specific quantity of a specific pollutant over a set time period. Polluters are required to hold permits in amount equal to their emissions. Polluters that want to increase their emissions must buy permits from others willing to sell them. Emissions trading is a type of flexible environmental regulation that allows organizations and markets to decide how best to meet policy t ...
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Emissions Trading
Emissions trading is a market-based approach to controlling pollution by providing economic incentives for reducing the emissions of pollutants. The concept is also known as cap and trade (CAT) or emissions trading scheme (ETS). Carbon emission trading for and other greenhouse gases has been introduced in China, the European Union and other countries as a key tool for climate change mitigation. Other schemes include sulfur dioxide and other pollutants. In an emissions trading scheme, a central authority or governmental body allocates or sells a limited number (a "cap") of permits that allow a discharge of a specific quantity of a specific pollutant over a set time period. Polluters are required to hold permits in amount equal to their emissions. Polluters that want to increase their emissions must buy permits from others willing to sell them. Emissions trading is a type of flexible environmental regulation that allows organizations and markets to decide how best to meet policy t ...
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United Nations Framework Convention On Climate Change
The United Nations Framework Convention on Climate Change (UNFCCC) established an international environmental treaty to combat "dangerous human interference with the climate system", in part by stabilizing greenhouse gas concentrations in the atmosphere. It was signed by 154 states at the United Nations Conference on Environment and Development (UNCED), informally known as the Earth Summit, held in Rio de Janeiro from 3 to 14 June 1992. Its original secretariat was in Geneva but relocated to Bonn in 1996. It entered into force on 21 March 1994. The treaty called for ongoing scientific research and regular meetings, negotiations, and future policy agreements designed to allow ecosystems to adapt naturally to climate change, to ensure that food production is not threatened and to enable economic development to proceed in a sustainable manner. The Kyoto Protocol, which was signed in 1997 and ran from 2005 to 2020, was the first implementation of measures under the UNFCCC ...
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Stern Review On The Economics Of Climate Change
The Stern Review on the Economics of Climate Change is a 700-page report released for the Government of the United Kingdom on 30 October 2006 by economist Nicholas Stern, chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics (LSE) and also chair of the Centre for Climate Change Economics and Policy (CCCEP) at Leeds University and LSE. The report discusses the Economic effects of global warming, effect of global warming on the world economy. Although not the first economic report on climate change, it is significant as the largest and most widely known and discussed report of its kind. The Review states that climate change is the greatest and widest-ranging market failure ever seen, presenting a unique challenge for economics. The Review provides prescriptions including ecotax, environmental taxes to minimise the economic and social disruptions. The Stern Review's main conclusion is that the benefits of strong, early action ...
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New Zealand Emissions Trading Scheme
The New Zealand Emissions Trading Scheme (NZ ETS) is an all-gases partial-coverage uncapped domestic emissions trading scheme that features price floors, forestry offsetting, free allocation and auctioning of emissions units. The NZ ETS was first legislated in the Climate Change Response (Emissions Trading) Amendment Act 2008 in September 2008 under the Fifth Labour Government of New Zealand and then amended in November 2009 and in November 2012 by the Fifth National Government of New Zealand. The NZ ETS was until 2015 highly linked to international carbon markets as it allowed unlimited importing of most of the Kyoto Protocol emission units. There is a domestic emission unit; the 'New Zealand Unit' (NZU), which was initially issued by free allocation to emitters until auctions of units commenced in 2020. The NZU is equivalent to 1 tonne of carbon dioxide. Free allocation of NZUs varied between sectors. The commercial fishery sector (who are not participants) received a one-off ...
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IPCC Fourth Assessment Report
''Climate Change 2007'', the Fourth Assessment Report (AR4) of the United Nations Intergovernmental Panel on Climate Change (IPCC) was published in 2007 and is the fourth in a series of reports intended to assess scientific, technical and socio-economic information concerning climate change, its potential effects, and options for adaptation and mitigation. "Likely" means greater than 66% probability of being correct, based on expert judgement. Sections The report was released in four principal sections: * Contribution of Working Group I (WGI): ''Climate Change 2007: The Physical Science Basis''.. * Contribution of Working Group II (WGII): ''Climate Change 2007: Impacts, Adaptation and Vulnerability''. * Contribution of Working Group III (WGIII): ''Climate Change 2007: Mitigation of Climate Change''. * Contribution of Working Groups I, II, and III: ''The Synthesis Report'' (SYR). Working Group I: The Physical Science Basis The full WGI report was published in March 2007, a ...
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Greenhouse Gas
A greenhouse gas (GHG or GhG) is a gas that Absorption (electromagnetic radiation), absorbs and Emission (electromagnetic radiation), emits radiant energy within the thermal infrared range, causing the greenhouse effect. The primary greenhouse gases in Atmosphere of Earth, Earth's atmosphere are water vapor (), carbon dioxide (), methane (), nitrous oxide (), and ozone (). Without greenhouse gases, the average temperature of Earth#Surface, Earth's surface would be about , rather than the present average of . The atmospheres of atmosphere of Venus, Venus, atmosphere of Mars, Mars and atmosphere of Titan, Titan also contain greenhouse gases. Human activities since the beginning of the Industrial Revolution (around 1750) have increased the Carbon dioxide in Earth's atmosphere, atmospheric concentration of carbon dioxide by over 50%, from 280 parts per million, ppm in 1750 to 421 ppm in 2022. The last time the atmospheric concentration of carbon dioxide was this high was over 3&nbs ...
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Garnaut Climate Change Review
Professor Ross Garnaut led two climate change reviews, the first commencing in 2007 and the second in 2010. The first Garnaut Climate Change Review was a study by Professor Ross Garnaut, commissioned by then Opposition Leader, Kevin Rudd and by the Australian State and Territory Governments on 30 April 2007. After the election on 24 November 2007, Prime Minister of Australia Kevin Rudd confirmed the participation of the Commonwealth Government in the Review. The Review examined the impacts of climate change on the Australian economy, and recommended medium to long-term policies and policy frameworks to improve the prospects for sustainable prosperity. Some observers have remarked that the Garnaut Review would be Australia's version of the Stern Review. A number of forums were held around Australia to engage the public on various issues relating to the Review. The Secretariat to support the Review was based in the Victorian Department of Premier and Cabinet. The final report of ...
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Effects Of Global Warming On Australia
Climate change in Australia has been a critical issue since the beginning of the 21st century. Australia is becoming hotter and more prone to extreme heat, bushfires, droughts, floods, and longer fire seasons because of climate change. Since the beginning of the 20th century, Australia has experienced an increase of over 1.4 °C in average annual temperatures, with warming occurring at twice the rate over the past 50 years as in the previous 50 years. Recent climate events such as extremely high temperatures and widespread drought have focused government and public attention on the effects of climate change in Australia. Rainfall in southwestern Australia has decreased by 10–20% since the 1970s, while southeastern Australia has also experienced a moderate decline since the 1990s. Rainfall is expected to become heavier and more infrequent, as well as more common in summer rather than in winter. Water sources in the southeastern areas of Australia have depleted due to the in ...
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European Union Emissions Trading Scheme
The European Union Emissions Trading System (EU ETS) is a "cap and trade" scheme where a limit is placed on the right to emit specified pollutants over an area and companies can trade emission rights within that area. It covers around 45% of the EUs greenhouse gas emissions. Under the "cap and trade" principle, a maximum (cap) is set on the total amount of greenhouse gases that can be emitted by all participating installations. EU Allowances for emissions are then auctioned off or allocated for free, and can subsequently be traded. Installations must monitor and report their emissions, ensuring they hand in enough allowances to the authorities to cover their emissions. If emission exceeds what is permitted by its allowances, an installation must purchase allowances from others. Conversely, if an installation has performed well at reducing its emissions, it can sell its leftover credits. This allows the system to find the most cost-effective ways of reducing emissions without s ...
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Climate Of Australia
Australia's climate is governed mostly by its size and by the hot, sinking air of the subtropical high pressure belt (subtropical ridge or Australian High). This moves north-west and north-east with the seasons. The climate is variable, with frequent droughts lasting several seasons, thought to be caused in part by the El Niño-Southern Oscillation. Australia has a wide variety of climates due to its large geographical size. The largest part of Australia is desert or semi-arid. Only the south-east and south-west corners have a temperate climate and moderately fertile soil. The northern part of the country has a tropical climate, varying between grasslands and desert. Australia holds many heat-related records: the continent has the hottest extended region year-round, the areas with the hottest summer climate, and the highest sunshine duration. Because Australia is a medium-sized continent, separated from polar regions by the Southern Ocean, it is not subject to movements of fr ...
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Policy
Policy is a deliberate system of guidelines to guide decisions and achieve rational outcomes. A policy is a statement of intent and is implemented as a procedure or protocol. Policies are generally adopted by a governance body within an organization. Policies can assist in both ''subjective'' and ''objective'' decision making. Policies used in subjective decision-making usually assist senior management with decisions that must be based on the relative merits of a number of factors, and as a result, are often hard to test objectively, e.g. work–life balance policy... Moreover, Governments and other institutions have policies in the form of laws, regulations, procedures, administrative actions, incentives and voluntary practices. Frequently, resource allocations mirror policy decisions. Policy is a blueprint of the organizational activities which are repetitive/routine in nature. In contrast, policies to assist in objective decision-making are usually operational in nature an ...
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