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There is no plan B, no planet B and no way of reversing climate change. All we can do is slow it down…

Carbon Emissions Trading

A number of systems to regulate and control carbon emissions between countries have been discussed, planned and sometimes implemented at international, global and national level. One of the largest is the EU emission trading scheme which began in 2005 and is now entering its second phase. The Clean Development Mechanism encourages industries within countries signed up to the Kyoto protocol, to invest in projects which reduce carbon emissions, thereby reducing their liability to pay fines if their own emissions exceed agreed levels. These schemes have led to the development of numerous new organisations offering assistance in carbon trading. Other ideas include the idea of replacing income tax with carbon tax and personal carbon allowances.

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