StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Effectiveness of the Emissions Trading Scheme - Term Paper Example

Comments (0) Cite this document
Summary
The paper "Effectiveness of the Emissions Trading Scheme" will begin with the statement that it is now an established fact that gas flaring and venting linked with oil plants play a major part in environmental degradation and greenhouse gas emissions (GHG)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.5% of users find it useful
Effectiveness of the Emissions Trading Scheme
Read TextPreview

Extract of sample "Effectiveness of the Emissions Trading Scheme"

Download file to see previous pages Authorities are now increasingly and progressively upholding measures aimed at controlling these emissions even as industry players have realized the economic benefits of preserving the vented gas (Gerner and Svensson, 8). Countries and organizations have are obliged to adhere to regulations governing emissions and which are based on the Kyoto Protocol of 1997. In Europe, the European Union (EU) has promoted the EU Emissions Trading Scheme (EU ETS) as a variable model for its member countries that especially enhances CO2 preservation and the greenhouse effect.
The oil and gas industry faces a number of challenges as it struggled to curb emissions within the United Kingdom Continental Shelf (UKCS) offshore industry. This includes fire, gas explosions, gas venting, and structural infrastructure collapse in its aging structures. Some of these calamities have had some fatalities on human life like the 1988 Piper Alpha disaster. Active legislative measures have been undertaken to curb this episode within the industry with some noted success, however, the nature of the rapidly evolving industry and technology mitigate against some of these tactics. In the UKCS, the Health and Safety Executive (HSE) is mandated to regulate the sector2. The HSE has set up an Offshore Division in a Hazardous Installations Directorate who is tasked as preventing major catastrophes and consequences while ensuring a more stable working environment for the firms (HSE, 1).
1. World Bank Report estimates that this is adequate fuel to supply all of Germany and France's consumption. In Africa, the wasted energy can provide 50 percent of the continent’s electricity requirements.
2. The HSE is a UK agency more concerned about the safety of the more than 20,000 employees in the offshore oil and gas industry. The aging infrastructure still poses a potential health hazard to the workers and the environment. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Explain how the Emissions Trading Scheme impacts flaring of gas on the Term Paper, n.d.)
Explain how the Emissions Trading Scheme impacts flaring of gas on the Term Paper. Retrieved from https://studentshare.org/macro-microeconomics/1553431-explain-how-the-emissions-trading-scheme-impacts-flaring-of-gas-on-the-united-kingdom-continental-shelfukcs-and-comment-on-the-effectiveness-of-this-scheme
(Explain How the Emissions Trading Scheme Impacts Flaring of Gas on the Term Paper)
Explain How the Emissions Trading Scheme Impacts Flaring of Gas on the Term Paper. https://studentshare.org/macro-microeconomics/1553431-explain-how-the-emissions-trading-scheme-impacts-flaring-of-gas-on-the-united-kingdom-continental-shelfukcs-and-comment-on-the-effectiveness-of-this-scheme.
“Explain How the Emissions Trading Scheme Impacts Flaring of Gas on the Term Paper”, n.d. https://studentshare.org/macro-microeconomics/1553431-explain-how-the-emissions-trading-scheme-impacts-flaring-of-gas-on-the-united-kingdom-continental-shelfukcs-and-comment-on-the-effectiveness-of-this-scheme.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Effectiveness of the Emissions Trading Scheme

Aspects of the European Emissions Trading Scheme

The principal design featured rolling out the scheme in three phases, where the first two phases would guide the third one subsequent to the experiences had. In addition, there was an agreement made with particular nations that made the burden of reducing emissions lesser because of their economic capabilities. The scheme also featured a ‘flexible’ arrangement where the Member States created their own National Allocation Plans. Further on, the report looks into the aspects of the Emissions Trading Scheme in a comparative manner that is, the intention at the beginning, actualization stages and the present state. The main aspects include its boundary where at first the scheme focused on power generating companies and tho...
8 Pages(2000 words)Term Paper

'An emissions trading scheme is a better policy instrument than a carbon tax in tackling climate change.' Critically evaluat

... to control pollution with the implementation of various technologies and plantation. In this case the firms have to pay a certain amount of tax because of burning fossil fuels or causing gas pollution (Eckersley, 2010, p. 367). This paper aims to critically evaluate the effectiveness and efficiency of both the pollution controlling strategies while supporting the claim that emissions trading scheme is significantly better policy instrument than the carbon tax in reducing and tackling the climate change. Investors, traders and the industrial project developers are the major participants of all the economic activities. However, the continuous gas and pollutants’ emission from different industrial sectors have immensely contributed...
12 Pages(3000 words)Essay

Market-Based Instruments of Environmental Policy in Practice: The European Emissions Trading Scheme

...? Word Count 2480 Introduction The EU can be regarded as a leading force within the world on taking action on environmental sustainability, especially with regard to climate change. The European Union’s Greenhouse Gas Emissions Trading Scheme (EU ETS) was instituted under the Directive 2003/87/EC, which came into operation on 1st January 2005. The scheme works by demanding that operators of installations undertake the specified activities to hold a permit, which enables the installation to emit certain levels of CO2. The paper explores one of the market-Based Instruments of Environmental Policy - EU Emissions Trading Scheme (EU ETS) and appraises it effectiveness in controlling environmental degradation. Background The aim of EU ETS...
10 Pages(2500 words)Essay

Market-Based Instruments of Environmental Policy in Practice: The European Emissions Trading Scheme

...? Market-Based Instruments of Environmental Policy in Practice: The European Emissions Trading Scheme Contents Contents 2 Introduction: Market based instruments for environmental policy 3 European Emissions Trading Scheme 4 Application of economic theories and concepts for explaining European Emissions Trading 5 Economic analysis: Market Based Instruments in European Emissions Trading Scheme 7 9 10 Incorporation of aviations industry in the European Emissions Trading Scheme 12 Conclusion 12 References 14 Bibliography 16 Introduction: Market based instruments for environmental policy The environmental pollution and gradual depletion of the natural resources in the global economy could be attributed to one of the major factors, namely...
10 Pages(2500 words)Essay

Effectiveness of Executive Compensation Scheme

...EXECUTIVE COMPENSATION SCHEME Executive compensation Scheme also known as ECS is termed as the total incentives which are given by a firm to an executive member of their staff like any Chief Executive Officer or also known as CEO. Good ECS can basically helps a lot in order to reduce different kind of the agency problems and they also align the interest of the shareholders also known as the owners and also the executives or the agents. With regards to this above mentioned information, this paper basically discusses whether or not an executive compensation scheme or also known as ECS are inherently flawed and also the disclosure requirements of the executive compensation scheme or ECS. The traditional and the particular view of ECS is only...
12 Pages(3000 words)Assignment

Is the EU's Application of Its Emissions Trading Scheme to Aviation Illegal

...Bisset, M., & Crowhurst, G. . Is the EU’s Application of its Emissions Trading Scheme to Aviation Illegal? Clydeco. Retrieved from http www.clydeco.com/news/articles/is-the-eus-application-of-its-emissions-trading-scheme-to-aviation-illegal Is the EUs Application of Its Emissions Trading Scheme to Aviation Illegal? Chapter 1: Introduction A reasonable amount of background information is presented. The authors are attempting to establish whether the legal issues that have been raised by inclusion of greenhouse gas discharges that are coming from activities of aviation in the European Union’s Emission Trading system. A recent ruling by the European Justice Court keeping the validity of adopted measurements by the EU has additionally...
2 Pages(500 words)Article

Market-Based Instruments of Environmental Policy in Practice: The European Emissions Trading Scheme

...ANALYSIS OF THE EUROPEAN UNION EMISSION TRADING SCHEME In the year 2005, over 28 member s of the European Union merged together with the aim of addressing the greenhouse gas emissions as a way of combating climate change as outlined in the EU climate policy. The merging resulted to the formation of the European Union Emissions Trading Scheme (C2es.org, 2014). Initially proposed in 2001 the Emissions Trading System of the EU (EU ETS) was officially established and launched in 2005 as the first cap-&-trade system for the emissions of carbon dioxide in the world with reference to the Kyoto Protocol (Change, 2014). Even though the EU ETS derived its inspiration from the Kyoto protocol, it was ratified before the Kyoto protocol and thus became...
10 Pages(2500 words)Essay

Personal Effectiveness

One of the most difficult prospects is identifying where your strengths lie and in which new role you would be good at. There are hundreds of skills that you developed over time, but it is even more challenging to combine which tasks you are good at and which ones you enjoy the most. The reconciliation of both will determine your strengths. I am trying to identify my weaknesses and strengths all the time in order to make the most of my career opportunities. Besides, I realize that it is easier to focus on and develop your strengths than trying to eliminate weaknesses. Every time I try to engage in a new activity, I am always naturally worried that I won't have the necessary skills for a new activity or responsibility.

H...
12 Pages(3000 words)Case Study

Organizational Effectiveness in Entrepreneurial Firms

In line with the proposition as to whether these operational managers discern ways of enacting responses from the relevant quarters when it comes to products, services, and their related operations, we see that their role is immense and they have to bring about activities right from scratch. In other words, they are the actual fathers of different processes and activities which are going on within an organization and with which there are a lot of hopes and wishes attached. They bring with them a whole list of different undertakings and steps, though accountable at many different levels yet open for judgment on the part of one and all. With this, they ensure that the different policies and steps are in line with the organization&rs...
10 Pages(2500 words)Assignment

Effectiveness of Strategy at Subsidiary Level

Strategic management is the way of finding gaps in the current performance of the organization and to design, formulate and implement new steps in order to fill these gaps and to align the organizational functions with the pre-settled objectives. It is the method of aligning all the activities being undertaken in the organization such as management, marketing, research and development, and Computer information system in a prescribed way to achieve the goals of the organization.

The first step namely the strategy formulation involves the development of the business mission, evaluation of the opportunities and threats faced by the business organization in the business, by using tools such as SWOT analysis, examining the s...
13 Pages(3250 words)Case Study

How Can CRM Strategies Improve Efficiency and Effectiveness in Supply Chain Networks to Enhance Competitive Advantage

... CRM and Supply Chains How can CRM strategies improve efficiency and effectiveness in supply chain networks to enhance competitive advantage? Provide real life example to support your case With globalisation and the growth of a shared market across the world, it is very important for all brands to have individual recognition and be accepted as a part of the local scene as much a small business would be (Harker and Esan, 2006). While this is often the target of marketing executives, it is often found that customers may have different relationships with brands and the strongest customer relationships survive even when if product quality goes down or even if the competition offers a better deal (Tenser, 2006). In essence, the relationship...
6 Pages(1500 words)Assignment

A Meta-Analysis of the Effectiveness of a Vegetarian Diet in Diabetes

...Running Head: A meta- analysis…. Topic: A meta-analysis of the effectiveness of a vegetarian diet in diabetes Order#: 363482 Topic: A meta-analysis of the effectiveness of a vegetarian diet in diabetes A meta-analysis of diabetes needs to be done with the correct understanding of the disease. In a disease condition, the normal functioning of the physical body remains imbalanced. Diabetes is a special type of disease, probably that lasts life-long. It is ones lifes challenge. It can be controlled, but demands total discipline as for food habits, and physical exercises. “Diabetes is a metabolic disorder where...
23 Pages(5750 words)Term Paper

Increasing Public-sector Effectiveness by Changing Organisational Culture

...Increasing Public-sector Effectiveness by Changing Organisational Culture A study has been conducted to determine a model for organisationaleffectiveness in public-sector organisations. The organisational culture is shaped by organisational structure, environment, and values, beliefs and underlying assumptions. Effectives in public sector organisations can be improved by the development of an organisational model based on an understanding of relationships between variables. Performance measurement systems are required necessary for measurement and monitoring of effectiveness. Organisational Structure Organisations have structures. Structures include degree or type such as horizontal differentiation, vertical differentiation, mechanism...
10 Pages(2500 words)Coursework

Factors Affecting Leadership Effectiveness

...Factors Affecting Leadership Effectiveness A study on the factors that affect efficient leadership is an important one for any organization. The reason for this is that leadership is dependent on individuals who manage the said organizations and that these individuals are very different from each other. Even when there are existing literature that shows the characteristics of good leaders, not all people can emulate these characteristics because of the fact that they are indeed different from each other. These literature then are just guidelines and it clearly depends on the leaders to follow these or form their own strategies on how to best lead their own organizations. The contention of this paper is that even when...
7 Pages(1750 words)Literature review

The Purpose and Effectiveness of Police Patrol

...Running Head: Police Patrolling The Purpose and Effectiveness of Police Patrolling The main purpose of this paper is to discuss the reasons why police patrollers are needed in the country, and why they have proven to be useful towards the development of peace and order throughout the nation. The researcher has also presented information that would show that the police patrol system is not without flaws. In other words, the system still requires plenty of improvement- one of them being the collaboration of the community members themselves. Clearly, it is important that for any system to work, there should be trust and cooperation between all involved parties. The same holds true with the police patrol system. The researcher has also...
9 Pages(2250 words)Literature review

European Union Emissions Trading Scheme

... The policy, politics, and success of the European Union Emissions Trading Scheme The perceived risk of carbon in the atmosphere By the turn of the twentieth century there had been considerable speculation that greenhouse gases might cause global warming with real effects on climate, but because the mechanism was misunderstood (it was thought to depend on radiative transfer of heat into space when in fact convection is far more important) and because the amount of carbon dioxide in the atmosphere was thought to be constant, the sharp temperature rises before 1940 were attributed to natural causes, and with the overall cooling of 1946-79 the issue did not seem important (indeed, in the 1970s some popular periodicals ran articles about...
9 Pages(2250 words)Research Paper

The Effectiveness of the Microfinance Scheme as Both Poverty Alleviation

... stray from the initial intent (i.e., empowerment is no longer central to the product design, but rather poverty alleviation through job creation). The significance of this study is to determine the impact of differences in the microfinance structure, and how such difference impacts not only in the lives of women clients, but also those of men. It seeks to achieve this through a comparative study, and more importantly how women clients are benefited by their gendered livelihood practices within a society where power relations are principally embedded in the social structure. AIM OF THE STUDY This study aims to assess the effectiveness of the microfinance scheme as both a poverty alleviation and economic empowerment strategy...
35 Pages(8750 words)Research Paper

Devolution Scheme

The scheme is bound to fail or a reversion to a union state or it will end in the federal United Kingdom due to its unevenness and incompleteness. Firstly, the departmental responsibility has been divided and unsettled (House of Commons 2009). This is a clear suggestion of the downfall of the scheme. Clarification of where the responsibility of the system of devolution lies in the following things. Firstly, the coherence of the system must be maintained as a whole. The constitutional issues should be dealt with only when the need arises. Additionally, the mutual relationship between the Whitehall departments and the devolved administrations should not be replaced. Furthermore, the government of the UK should not be decentralized i...
6 Pages(1500 words)Essay

The Trading Relationship between the US and China

China is now considered as the United States‘biggest source of import and its second-largest trading partner. Many US-based firms believe that in order to successfully operate globally, China is a critical country to tap. Thus, China has also become a $300 billion market for US businesses, including US exports to China and the sale of US firms’ offerings in China.
The strengthening of bilateral ties between the two economies has faced a number of complexities in recent times. Trade tensions have ensued majorly because of the slow and hesitant transition of the Chinese market into a free economy. Even though China has taken steps to improve its overall trade liberation, there is still a significant amount of polici...
7 Pages(1750 words)Assignment

Crude Oil Trading: Exxon Mobil Corporation

In the business environment, there are macro and micro factors that affect the running of the business. The macro factors are the eternal forces that affect the operations of the business while the internal factors are the internal forces that affect the operations of the business. Internal factors include the objectives, employees, management and the level of technology used in operation while external factors are level of competition, customers, legal factors, and political as well as socio-cultural factors. These factors can affect the business positively while at the same time they can affect the business negatively. All these factors are very ideal as they tend to make a business economically competitive. The essay investigat...
23 Pages(5750 words)Research Proposal
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Term Paper on topic Effectiveness of the Emissions Trading Scheme for FREE!

Contact Us