Essay Questions Flashcards
How does the Paris Agreement work?
Implementation of the Paris Agreement requires economic and social transformation, based on the best available science. The Paris Agreement works on a five-year cycle of increasingly ambitious climate action – or, ratcheting up – carried out by countries. Since 2020, countries have been submitting their national climate action plans, known as nationally determined contributions (NDCs).
Differentiate Mitigation with Adaptation.
Mitigation means reducing risk of loss from the occurrence of any future undesirable event.
Adaptation means a change in structure, function, or behavior by which a species or individual improves its chance of survival in a specific environment. It is the action or process of adapting or being adapted to the current situation.
How do carbon trading permits work?
A polluter must hold enough permits to cover the emissions it releases. Each permit in the existing carbon trading schemes is considered equivalent to one ton of carbon dioxide equivalent (CO2e). In the theoretical model, (but rarely in practice) permits are to be sold – usually by auction – so that from the outset, polluters are forced to put a price on their emissions, and are incentivized to reduce to a bare minimum the permits they seek.
What is carbon trading.
Carbon trading is the process of buying and selling permits and credits that allow the permit holder to emit carbon dioxide. It has been a central pillar of the EU’s efforts to slow climate change.
The world’s biggest carbon trading system is the European Union Emissions Trading System (EU ETS).
