Carbon emissions offsetting and trading (Carbon Taxes (Different countries…
Carbon emissions offsetting and trading
Way to do this
Allow the CO2 to enter the atmosphere but remove it using specially designed removal processes (ex) collecting the CO2 with chemical sorbents that attract it) - called "direct air capture"
Capture the CO2 at the site where it is produced (power plant), and store it underground in a geologic deposit ex) abandoned oil reservior
Carbon Capture and Sequestration
If the CO2 is put underground, how certain are we that it will stay permanently where it is put, or return to the surface and then into the atmosphere?
It there is a new pipe line network, is it possible to store the CO2 in some safe, underground geologic deposit?
Is there enough room for all carbon?
cost-effectiveness of large-scale CCS technologies
How costly will it be to ship the CO2 by a new pipe line network?
Compounds of iron
Trap carbon dioxide and sink to the ocean floor
Negative impacts on the marine environment and human health
Upwelling currents bring nutrients to the surface
Increases marine food production and removes carbon dioxide from the atmosphere
Transport iron from the deep ocean to the surface during prey consumption and defecation
Different countries are starting to implement carbon taxes as a way to encourage the reduction of Carbon Dioxide emissions
The value of this taxes is defined through the amount of carbon that is present within the composition of any of the used fossil fuels (natural gas, coal, petroleum etc.)
This taxes bring a greater impact in the case that they are implemented at a global scale, yet at a national scale they could already bring a difference in the overall carbon emissions per capita.
The motive as to why this taxes have needed to be introduced, is due to the lack of market incentive where there could be a possible shift from using fossil fuels to alternative sources.
This taxes where established with the intention on reducing green house gas emissions coming from carbon, which is one of the main greenhouse gases.
A market which allows permits, that control amounts of Co2 that can be released, to be traded by companies
Governments set targets for the amount of carbon dioxide that industries can emit,, divided between indivudal plants or companies
Plants thar exceed this limits are forced to buy permits from others
Targets are set to reduce pollution, but through a market system
The world’s biggest carbon trading system is the European Union Emissions Trading System
Critics believe that the targets applied are way too generous
carbon offset schemes
Buy carbon credits from projects that plant trees or encourage a switch from fossil fuels to renewable energy
They the sell credits to individuals and companies that want to go "carbon neutral"
Offsets often dangerous because they dissuade people from changing their behavior
Effectiveness of reducing CO2 emissions and the implications for economic growth and national development vary depending on the level of development of a country
HICs have greater economic resources to help solve the problem (developing alternative sources of energy)
Designed to neutralize the effects of CO2 in human activities by investing in projects that cut emissions elsewhere.