GEOLOGY

EARTH SCIENCE

CLIMATE AND ENVIRONMENTAL CHANGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How would the carbon dioxide emissions trading bill, cap and trade, impact global climate change?
A
Limits would be placed on greenhouse gas emissions. Permits would be needed to produce more pollution.
B
Greenhouse gas production would be banned
C
For every ton of carbon produced an equal value of trees would need to be planted.
D
Stict limits would be set on the amount of greenhouse gas emissions could be produced.
Explanation: 

Detailed explanation-1: -How would the carbon dioxide emissions trading bill, also known as carbon-cap-and-trade, have made an impact on global warming? Limits would be placed on greenhouse gas emission by different facilities. Costly permits or credits would be required to produce more pollution.

Detailed explanation-2: -Cap-and-trade has one key environmental advantage over a carbon tax: It provides more certainty about the amount of emissions reductions that will result and little certainty about the price of emissions (which is set by the emissions trading market).

Detailed explanation-3: -Emissions trading, also known as ‘cap and trade’, is a cost-effective way of reducing greenhouse gas emissions. To incentivise firms to reduce their emissions, a government sets a cap on the maximum level of emissions and creates permits, or allowances, for each unit of emissions allowed under the cap.

Detailed explanation-4: -Without carbon dioxide, Earth’s natural greenhouse effect would be too weak to keep the average global surface temperature above freezing. By adding more carbon dioxide to the atmosphere, people are supercharging the natural greenhouse effect, causing global temperature to rise.

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