1/23/09
4:02
Another strategy to aid the environment in curbing greenhouse gases Is being proposed to the US from the EU. The European Commission aims to bring carbon trading to reduce the amount of greenhouse gases being allowed into the environment.
Carbon trading is a system where the government places caps on companies which pollute. The companies are given a number of credits which represent their amount of capped pollution. This forces company that need to pollute to create their products to buy credits from companies that can conserve and limit their pollution. This allows movement by companies while limiting their pollution overall. The European commission has failed in some places at stopping and policing pollution in their region but also has succeeded in gained the largest emission trading market in the world. To ensure that the ability to halt pollution is available a pilot plan was commissioned in 2005 to 2007 which was successful.
The US has not joined into this system yet but hopefully with a new administration with a decent focus on taking care of the environment will act. US being one of the largest emissions producers also is not a part of the Kyoto treaty which was enacted in the 90’s. The Kyoto treaty calls for countries to reduce their amounts of pollution and emissions of green house gases to numbers lower than those previous to the 1990’s. Many other countries of the world of both core and semi-periphery countries have joined this treaty but the US has not. Again with the change of administration hopefully the US will take steps to join the rest of the world in assisting our planet.
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