Part 3: Carbon Trading Systems Research Assignment Paper (Essay Sample)

Part 3
Carbon Trading Systems
Carbon is one of the many greenhouse gases whose emission into the atmosphere has led to the adverse climatic changes in the entire world. It is therefore advisable to come up with restriction measures or policies that can be reinforced with the system to minimize if not to eradicate the carbon emission into the atmosphere. It may take a lot of time and resources to determine the rate of carbon emission into the atmosphere. The methods can be expensive and sophisticated to afforded by each company. However, the state and federal government can come up with a trading system that can be used to measure and regulate the amount of carbon emission into the atmosphere by the existing companies in the country. The carbon trading system form is like a license certificate that a nation makes good use of in regulating the amount of carbon emission into the atmosphere by the companies in the country as a way of adhering to the Kyoto protocol.
Carbon trading system allows a country that registers very high percentage of carbon emission to buy the permit of emitting carbon from the countries with less emission. The trading system also allows or grant the countries with less emission a permit of emitting carbon to other nations. A multinational carbon system that has been in active use since 2005 is the renown European Union emissions trading scheme (EU ETS). Th...