The Exponential-based Carbon Credit Cap in Carbon Cap-and- Trade Markets
Journal Title: International Journal of Multidisciplinary Research and Analysis - Year 2024, Vol 7, Issue 02
Abstract
The concept of carbon markets as developed in 1997 by the Kyoto Protocol was a good idea whose adoption and implementation by all counties and states would have significantly reduced the rate of emission of greenhouse gases into the atmosphere. The Carbon markets were proposed to be based on cap-and-trade whose forces of supply and demand would discourage the increase or steady emission of greenhouse gases and force companies to, gradually, revert to the use of clean energy in production. This would promote the net zero carbon emission target. The carbon markets were designed to have a cap whose nature is a specific number for all entities. The number represents the carbon quantity whose regulator would keep reducing until the net zero carbon is achieved. This nature of the cap encourages large emitters of greenhouse gases to shift to other jurisdictions that have soft regulations. It also encourages restructuring into smaller companies whose net emissions could be almost the same or more than before. In this paper, we have proposed an exponential-based cap that would leave little or no room for such market strategies. We have also demonstrated how the proposed cap can be implemented.
Authors and Affiliations
Fidelis Mukudi, Justus Mile
Keywords
Related Articles
- EP ID EP730900
- DOI 10.47191/ijmra/v7-i02-21
- Views 62
- Downloads 0
The Effect of Topical Gel Secretome Hypoxia Mesenchymal Stem Cells (SH-MSCs) on TGF-Β and IL-6 Gene Expression in Wistar Rats Excision Wound Models
Wounds on the skin result in damage to the epithelial tissue and skin structure, hampering wound healing and causing acute wounds to become chronic. Secretome Hypoxia Mesenchymal Stem Cells are capable of secretes cytoki...
Development of Geography since the End of the Second World War
Geography is an ancient discipline whose purpose is space study. This discipline was one of the pillars used for mapping, displacement, and explaining existing phenomena on earth. Before 1914, geography already existed a...
Developing a Tic TAC Toe Exercise Model to Enhance Agility, Speed, and Accuracy in Basic Basketball Skills among Male Students at SMP Kasih Kemuliaan
SMP Kasih Kemuliaan offers a co-curricular basketball club that attracts active student participation. However, the limited variety in exercise models has led to student boredom and a subsequent decline in basketball per...
Performa Comparison of the K-Means Method for Classification in Diabetes Patients Using Two Normalization Methods
The diabetes classification system is very useful in the health sector. This paper discusses the classification system for diabetes using the K-Means algorithm. The Pima Indian Diabetes (PID) dataset is used to train and...
Point Prevalence Survey on Antibiotic Use and Class-1 Integron Associated Antibiotic Resistance In No (1) DSGH, Yangon
Antimicrobial resistance is becoming a global health emergency. Likewise, multidrug resistance of gram-negative bacteria also has a high impact on public health. This cross-sectional study aimed to study antibiotic presc...