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However the overall benefit to the environment is doubtful. Token environmental policy continues in Australia Sharon Beder Citation: In comparison, the aim of the US emissions trading program for SO2 permits was only a 50 percent reduction by A strong, certain price signal could see the dawn of a new period of investment in renewables. But this sort of argument cannot be pamm account forex brokers to artificial markets such as those created for emissions trading since the need for monitoring and enforcement remains and is, in fact, arguably greater. Firstly there is no accepted method for calculating how much carbon is temporarily taken up by growing trees. The market is left to determine the most efficient way to control pollution within a regulatory framework. The Clean Development Mechanism CDM is an arrangement under the Kyoto Protocol allowing industrialised countries with a greenhouse gas reduction commitment to invest in projects that reduce, or destroy emissions in developing countries, as an alternative to more expensive emission reductions in their own countries. Under this approach participating emitters are allocated a certain amount of allowable emissions, called their baseline level of forextradersdaily. When Australians went to the polls in November they voted for the party willing to acknowledge the threat of global warming and promising to do something about it. Further reading:

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