| |
Various international emissions trading markets can be found throughout the world. They were developed in an effort to control environmental problems, such as greenhouse gas emissions, prior to enforcement of regulations.
|
Use the links provided here to return to the article index page or subscribe to our refrigerants RSS. Articles published in the past few months will be listed.
• Article Index |
|
[ Free Whitepaper ]
Collecting, organizing, and reporting of refrigerant gas data is challenging, the complexity of system auditing is confusing, and it remains difficult to remain in compliance with regulations. Learn how-to survive managing your refrigerants.
|
|
|
|
|
|
| International Emissions Trading |
|
|
Refrigerant Tracker from Verisae enables accurate tracking and reporting of refrigerant gas usage across a distributed enterprise. Remain in compliance with Refrigerant Tracker. Know accurate inventories, keep updated maintenance logs, and track usage of refrigerants across all of your locations and AC/HVAC systems.
|
As governments look for means to control costs and reduce greenhouse gas emissions, the concept of international emissions trading comes into focus. Just as commodities are traded on the global market, the intention is to allow companies to trade off any unused emissions between themselves.
By offering economic incentives, which aim to reduce gas emissions, it is hoped that air pollution will be in part controlled. There are a number of international emissions trading markets in place around the world, which have been implemented prior to the advancement of regulation.
In an international emissions trading scenario, governments will set a cap on the amount of pollution that is permissible. Companies will be issued credits allowing them to emit a certain amount of environmentally damaging gas. If such a company does not use all its credits, the unused allocation can be traded to another company, should that company need to increase its own emission. This is known as cap and trade.
As there are global treaties in place with the aim of controlling greenhouse gases, the successful implementation of a cap and trade system is expected to lower carbon emissions significantly. The concept is not new however, as it was first used in the United States during the "acid rain" program. In Europe, the EU uses this system in its carbon emission reduction program.
Companies are well aware that they need to monitor their greenhouse gas emissions and there is tracking software available to help with this goal. Data is available based on the inventory of direct and indirect greenhouse gas emissions, which shows the companies carbon footprint, identifies areas for reduction and manages their overall allocation.
International emissions’ trading is good for the overall environment. It encourages companies to pollute less, as they are rewarded for their efforts, whilst those companies that see increased emissions, pay appropriately. The overall concept encourages the lowering of emissions due to financial penalties and should aid in the effort to reduce global warming.
Countries around the world are looking at a number of initiatives in the effort to reduce global warming. Laws and treaties have been introduced in the United States and other countries with the goal of reducing air pollution. Several chemicals are known to be major contributors: hydrochlorofluorocarbons, chlorofluorocarbons, perfluorocarbons, carbon dioxide, in particular. Certain products are being phased out in this effort, including refrigerant gas used in heating, ventilation and air-conditioning systems and commercial refrigeration and air-conditioning systems.
The concept of international emissions trading is seen as being a great example of free-market environmentalism. As companies are very often driven by cost savings, it is anticipated that they will voluntarily implement emission reduction methods, within the limits set by the governing agency.
|
|
• Return to Article Index
|
|
|
