This week, Bonn is hosting the United Nations Climate Change Conference. It is a preparation round before a conference held in Paris in November. All the talks and efforts, are focused on finalizing an agreement which can address the concerns about the climate change and the risks of increasing emissions. However, it is expected that emissions trading is an instant proposal, in case such talks fail to come to a reasonable and timely conclusion.
Beyond just asking and preaching about climate change and the threat we are facing, there has always been two mainstream proposals to address the issue of emissions: tax, and cap-and-trade. Following the provisions implemented in the Kyoto Protocol, the cap-and-trade, has got momentum and was embraced by considerable nations and regions. Despite ups and downs in the turnover of the carbon trading, it seems to be the outright solution until the frustrating process of forming international conventions comes up with any better alternative.
Interestingly, this is where some of the most pollutant industries, get connected to the ones which are known to be among the most environmentally friendly, like renewable energies. To make it yet more interesting, the facilitators of this liaison, are the most unlikely ones to be expected to have such concerns, i.e. the financial institutions like Barclays, largest commodity trading houses like Vitol, or the exchanges like ICE.
Beyond just asking and preaching about climate change and the threat we are facing, there has always been two mainstream proposals to address the issue of emissions: tax, and cap-and-trade. Following the provisions implemented in the Kyoto Protocol, the cap-and-trade, has got momentum and was embraced by considerable nations and regions. Despite ups and downs in the turnover of the carbon trading, it seems to be the outright solution until the frustrating process of forming international conventions comes up with any better alternative.
Interestingly, this is where some of the most pollutant industries, get connected to the ones which are known to be among the most environmentally friendly, like renewable energies. To make it yet more interesting, the facilitators of this liaison, are the most unlikely ones to be expected to have such concerns, i.e. the financial institutions like Barclays, largest commodity trading houses like Vitol, or the exchanges like ICE.
