Elements in Emission Trading Contrary to Shariah Rules
Elements in Emission Trading Contrary to Shariah Rules
Elements in Emission Trading Contrary to Shariah Rules
The European Union Emissions Trading Scheme (EU ETS), the largest emissions cap-and-trade scheme in the world, commenced on January 1, 2005. In addition, the United Kingdom's Climate Change Act 2008 has established the world's first legally binding emissions-reduction target, which requires at least an 80% reduction on 1990 emissions levels in the United Kingdom by 2050. The following article gives a brief overview of the EU ETS and of some of the steps being taken to reach the 80% reduction target under the Climate Change Act 2008.
Carbon capture and storage (CCS) is interesting as a case study of a CO2 mitigation technology that maintains considerable political and fiscal support even though its long-term economic viability is dependent on high carbon prices and even though its implementation will in many cases require that U.S. states and Canadian provinces enact new legislation and regulations. This article considers the current legislative debate in the U.S. and examines the ways in which the absence of federal climate change legislation in the U.S. and Canada affects both the price of carbon and the implementation of carbon abatement technologies. It also identifies regulatory gaps that must be addressed before CCS can be widely implemented.
getting fuel from plants seems like a great proposition originally. It reduces dependence on foreign oil, and it doesn't produce the greenhouse gases that cause global warming â€" at least that's what advocates claim. But biofuels are not without their critics.
Some recent research suggests bio fuels could have a greater environmental impact â€" biodiversity loss, destruction of farmland, and the energy necessary to produce them, for example than burning fossil fuels, reports The Guardian, a British daily.