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Emissions trading - putting a price on carbon
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The EU Emissions Trading Scheme (ETS) is a world first and a major weapon in Europe's fight against climate change. The innovative system has turned carbon dioxide emissions into a tradeable commodity. They can now be bought and sold like any other of the thousands of products traded on world markets today. The scheme works by placing a limit or a 'cap' on the amount of carbon dioxide participating installations - currently around 10,500 across the European Union - can emit every year. If an installation emits more than its allowance, it must either pay a very hefty fine or buy surplus allowances from companies that have managed to stay below their limit. The system ensures that overall CO2 emissions from the plants covered are cut in the most cost effective way. The video report shows: Factories and sources of CO2 emissions Renewable energies' systems ABN-Amro trading floor Pernis' Shell oil refinery (Europe's biggest oil refinery) DSM chemical plant Interviews with key figures including: Tomas Wyns, Climate Action Network Europe Jos Delbeke, Director for Climate Change & Air, DG Environment, European Commission Sara Ståhl, European Climate Exchange Gerhard Mulder, ABN-Amro Annemarie van der Rest, Shell Marc van Doorn, DSM Julia Williams-Jacobse, Dutch Environment Ministry Dr. Bert Metz, Intergovernmental Panel on Climate Change
Since 2005, a new battlefield has emerged in Europe's fight against climate change.
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In the boardrooms of the EU's biggest firms, company directors now discuss greenhouse gas emissions
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in the same hard-nosed business terms as balance sheets, shareholder dividends or annual reports.
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The reason for this change is simple.
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Thanks to the European Emissions Trading Scheme, which began operating in January 2005,
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carbon dioxide emissions are now a tradable commodity.
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They can be bought and sold in exactly the same way as any of the other thousands of products
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traded on world markets every day.
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The Emissions Trading Scheme works by placing a limit or a cap
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on the amount of carbon dioxide companies can emit every year.
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At present, around 10,500 European installations are covered by the scheme,
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and each has been awarded an annual quota of carbon dioxide emission units.
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One unit equals one ton of CO2.
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Firms that emit more than their allowance must either pay a very hefty fine
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or buy surplus allowances from companies that manage to stay below their limit.
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- Idioma/s:
- Niveles educativos:
- ▼ Mostrar / ocultar niveles
- Nivel Intermedio
- Autor/es:
- The European Union
- Subido por:
- EducaMadrid
- Licencia:
- Reconocimiento - No comercial - Sin obra derivada
- Visualizaciones:
- 565
- Fecha:
- 9 de agosto de 2007 - 13:26
- Visibilidad:
- Público
- Enlace Relacionado:
- European Commission
- Duración:
- 01′ 12″
- Relación de aspecto:
- 4:3 Hasta 2009 fue el estándar utilizado en la televisión PAL; muchas pantallas de ordenador y televisores usan este estándar, erróneamente llamado cuadrado, cuando en la realidad es rectangular o wide.
- Resolución:
- 448x336 píxeles
- Tamaño:
- 6.09 MBytes