Emissions Trading
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Emissions Trading
Emissions trading is a market-oriented 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). One prominent example is carbon emission trading for and other greenhouse gases which is a 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 targets. This is in contrast to comma ...
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Carbon Price
Carbon pricing (or pricing) is a method for governments to mitigate climate change, in which a monetary cost is applied to greenhouse gas emissions. This is done to encourage polluters to reduce fossil fuel combustion, the main driver of climate change. A carbon price usually takes the form of a carbon tax, or an emissions trading scheme (ETS) that requires firms to purchase allowances to emit. The method is widely agreed to be an efficient policy for reducing greenhouse gas emissions. Carbon pricing seeks to address the economic problem that emissions of and other greenhouse gases are a negative externality – a detrimental product that is not charged for by any market. 21.7% of global GHG emissions are covered by carbon pricing in 2021, a major increase due to the introduction of the Chinese national carbon trading scheme. Regions with carbon pricing include most European countries and Canada. On the other hand, top emitters like India, Russia, the Gulf states and many ...
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Pollution
Pollution is the introduction of contaminants into the natural environment that cause harm. Pollution can take the form of any substance (solid, liquid, or gas) or energy (such as radioactivity, heat, sound, or light). Pollutants, the components of pollution, can be either foreign substances/energies or naturally occurring contaminants. Although environmental pollution can be caused by natural events, the word pollution generally implies that the contaminants Human impact on the environment, have a human source, such as manufacturing, Extractivism, extractive industries, poor waste management, transportation or Agricultural pollution, agriculture. Pollution is often classed as point source pollution, point source (coming from a highly concentrated specific site, such as a factory, Environmental effects of mining, mine, construction site), or nonpoint source pollution (coming from a widespread distributed sources, such as microplastics or agricultural runoff). Many sources of po ...
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Acid Rain
Acid rain is rain or any other form of Precipitation (meteorology), precipitation that is unusually acidic, meaning that it has elevated levels of hydrogen ions (low pH). Most water, including drinking water, has a neutral pH that exists between 6.5 and 8.5, but acid rain has a pH level lower than this and ranges from 4–5 on average. The more acidic the acid rain is, the lower its pH is. Acid rain can have harmful effects on plants, aquatic animals, and infrastructure. Acid rain is caused by emissions of sulfur dioxide and nitrogen oxide, which react with the Properties of water, water molecules in the atmosphere to produce acids. Acid rain has been shown to have adverse impacts on forests, Fresh water, freshwaters, soils, microbes, insects and aquatic life-forms. In ecosystems, persistent acid rain reduces tree bark durability, leaving flora more susceptible to environmental stressors such as drought, heat/cold and pest infestation. Acid rain is also capable of detriment ...
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Acid Rain Program
The Acid Rain Program is a market-based initiative taken by the United States Environmental Protection Agency in an effort to reduce overall atmospheric levels of sulfur dioxide and nitrogen oxides, which cause acid rain. The program is an implementation of emissions trading that primarily targets coal-burning power plants, allowing them to buy and sell emission permits (called "allowances") according to individual needs and costs. In 2011, the trading program that existed since 1995 was supplemented by four separate trading programs under the Cross-State Air Pollution Rule (CSAPR). On August 21, 2012, the United States Court of Appeals for the District of Columbia issued its Opinion and Order in the appeal of the Cross State Air Pollution Rule (CSAPR) for two independent legal reasons. The stay on CSAPR was lifted in October 2014, allowing implementation of the law and its trading programs to begin. A 2021 study found that the "Acid Rain Program caused lasting improvements in ...
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Air Pollutant
Air pollution is the presence of substances in the air that are harmful to humans, other living beings or the environment. Pollutants can be gases like ozone or nitrogen oxides or small particles like soot and dust. It affects both outdoor air and indoor air. Natural sources of air pollution include wildfires, dust storms, and volcanic eruptions. Indoor air pollution is often caused by the use of biomass (e.g. wood) for cooking and heating. Outdoor air pollution comes from some industrial processes, the burning of fossil fuels for electricity and transport, waste management and agriculture. Many of the contributors of local air pollution, especially the burning of fossil fuels, also cause greenhouse gas emissions that cause global warming. Air pollution causes around 7 or 8 million deaths each year. It is a significant risk factor for a number of diseases, including stroke, heart disease, chronic obstructive pulmonary disease (COPD), asthma and lung cancer. Particu ...
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