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While this protocol enforced many restrictions upon the developing countries, it failed to enforce same tight measures upon the developed world. In fact developed world are the major culprits as far as the environmental problems are concerned. CDM was the flexibility mechanisms aimed to reduce the commitments of developing countries as far as emission reduction is concerned. This paper briefly analyses the CDM mechanism.
The Clean Development Mechanism (CDM), defined in Article 12 of the Protocol, allows a country with an emission-reduction or emission-limitation commitment under the Kyoto Protocol to implement an emission-reduction project in developing countries”. Such projects can earn saleable certified emission reduction (CER) credits, each equivalent to one tone of CO2, which can be counted towards meeting Kyoto targets (Clean Development Mechanism (CDM), n. d).
Flexibility mechanisms were introduced in the Kyoto Protocol by United States in order to safeguard their interests. Even though, the developing countries are still not happy with the Kyoto Protocol, they agreed to implement it. Perhaps United States is the greatest contributor to the environmental problems because of the heavy industrialization and automobile usages in America. At the same time they are trying to restrict the green house gas emission from the developing world without taking serious steps in reducing their own greenhouse gas emissions. America is trying to educate the world that emission cut costs in developing world are less compared to that in the developed world and hence they are trying to enforce more restrictions upon the developing world. At the same time, if the developing world enforces too many restrictions upon greenhouse gas emission, their economic growth would be seriously affected. In other words, the developing world is suspecting the sincerity of America is pressing the developing world to reduce greenhouse gas emission. Many people believe that
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Many people believe that the use of clean energy to replace other sources of energy like oil helps in decreasing global warming. At the same time it is hoped to reduce the emission of greenhouse gases. It is generally argued that current production and use from different forms energy exposes the environment to global warming.
The impact of society on business and vice versa is becoming increasingly propagated each year. A firm’s consumers, products, markets, equipment, productivity and public image are all directly influenced by the social policies of a firm. A firm’s social policy must be incorporated into all strategic-management activities and most importantly in the development of mission statement.
Particularly, the focus on clean technology such clean energy is crucial in this trend. Today, energy is a dominant source of both point and area source pollutions. The global power consumption highlights this fact. Around 65 percent of the world's electricity is generated from fossil-fuels and coal and this is the same for industrial energy use as well (Bhattacharyya, p.562).
In order to reduce cases of global warming, people have opted in using alternative sources of energy. It is important to note that the search for safer, cleaner, cheaper, more reliable sources of energy and effective ways of using it binds together countries all over the world, rich and poor, large and small.
Environmental Economics. India is one of the fastest growing countries in the world. It is also home to more than 1.3 billion people. With the opening up of the economy in 1991, the country has seen rapid growth across all industries. While the services sector of the country, lead by the Information Technology industry, fuelled the growth in the initial stages of liberalization, the manufacturing and core industries like iron, steel, oil and construction also participated in the growth subsequently.
The greater controversy surrounds exactly how human induced climate change will be realized at the regional level and across time, who will suffer and what should be done. Governments in many developing countries and at least two industrialized countries (the United states and Australia) have, over the years involve the implicit assumption that climate change is a nuisance, that it has little or no economic costs, while doing something about climate change would have serious negative impact on the economy.
Hence, this maximum production of oil is known as Hubbert’s Peak. This will be followed by a gradual decline in the world’s oil production.
Additionally, there is a reduction in the discovery of new oil fields and the quantity of oil extracted from them, mainly because
Effort must be devoted to devising an improvement schedule in terms of clean emissions which is fair to developing nations, and acceptable to developed countries. An uneven or imbalanced protocol intended to
Secondly, it was believed that developed countries should take deliberate actions to mitigate on the increase of the harmful effects of greenhouse-effects. Lastly, the developed countries should support
Measures targeting methane and black carbon emissions have substantial benefits to both agriculture and human health as well as to regional and global climate. The results indicate that methane measures are able to
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