2. We will Talk About
• Global Warming
• Kyoto Protocol and its
mechanisms
3. GLOBAL WARMING
• It is the long-term rise in the
average temperature of the
Earth’s climate system.
• An increase in the
concentration of greenhouse
gases leads in the
magnitude of greenhouse
effect
4.
5.
6. Climate Change
Rapid Industrial Growth
Increased energy consumption
Increased CO2 and other GHG emissions
Global Warming due to increased concentration of GHG
Increased
Sea Level
Changes in
wind and
precipitation
Changes in
Crop yields
8. Kyoto Protocol
• International Treaty
• Objective – Lower Overall GHG Emissions
• Annex – 1 Countries
• Annex – 2 Countries
• Non – Annex 1 Countries
9. Kyoto Mechanisms
• Three Mechanisms:
– Joint Implementation
– Clean Development
Mechanism
– International Emission
Trading
10. • JI – Earning of ERUs(Emission Reduction
Units)
Joint Implementation
11. What is CDM?
• Clean Development Mechanism
• A Flexibility Mechanism
• CERs - standardized emissions offset
instrument
• 2 Objectives
– to help developed countries fulfil their
commitments to reduce emissions
– to assist developing countries in achieving
sustainable development.
12.
13. Emissions
Trading
• IET – International Emissions Trading
• Monetary value to the cost of polluting the
air
• Has place in Balance Sheet
• Currently there are six exchanges trading
in carbon allowances - the Chicago
Climate Exchange, European Climate
Exchange etc.
Editor's Notes
The greenhouse buildings are made mostly of translucent material that offers plants in the building maximum access to sunlight. When the sunlight touches the solid surface inside the greenhouse, the surface absorbs some of the energy and converts it into heat