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Charasmatic Carbons

In the book, The New Economy of Nature, the authors Gretchen C. Daily and Katherine Ellison give a detailed history of the evolution of carbon credits in chapter 2 titled : How to Make Carbon Charismatic. David Brand was a Canadian Forester who played a key role in starting the worlds first carbon rights. He did this because he wanted to offset carbon emissions which is know as a major contributor of global warming. These rights can be bought or sold just like any other forestry, timber, or grazing rights.

In 1997 representatives form industrial countries met in Kyoto, Japan for the Kyoto Protocol and agreed to cut greenhouse gas emissions to the 1990 levels by the year 2012. For the United States this means that they must now lower its rates by as little as 7%. Legislation for carbon credits in the United States was approved in 1998.

` Major U.S. Companies that had once dismissed the idea of global warming were now becoming concerned and purchasing carbon credits. The biggest climate change since the legislation was passed happened in 1999. The Tokyo electric power company was the worlds largest power firm. It had signed up for the carbon rights from new pine and eucalyptus forest. These forests we


David Brand is convinced that 25% of the worlds yearly CO2 emissions came from deforestation. The global system is in danger of climate change, water scarcity, biodiversity loss, and desertification. Brand believes that people should act as if the world is “our most valuable asset.”

Swiss Re began to give lower premiums to property owners who took care of the soil and vegetation on their land.

Eileen Claussen, a former assistant U.S. Secretary of State, quit her job a few months before the Kyoto Protocol was signed. She was frustrated that the government was more concerned with short term challenges than the long term global warming crisis. She then became director of the Pew Charitable Trust where she created the Business Environment Leadership Council. She convinced well known polluters to sign up promising them ads sponsored by the Trust boasting their new “green” accomplishments. Her council had grown to thirty-three members by 2001.

U.S. farmers who hoped to park their plows for money were disappointed when the plans went south. Too many problems were coming arising. Farmers were reluctant to test the scheme . The deal was lowered to 500,000 tons of greenhouse gas reductions to be made by 100 hog farmers. The idea was to spread their pigs manure over the soil as fertilizer after it was treated.

Farmers living in the United States were also trying to sell carbon credits because of the falling commodity prices which left them desprate for aid. A group of energy companies in British Columbia paid these I

Some topics in this essay:
Kyoto Protocol, Wildlife Fund, Sandor SO2, Latin America, British Petroleum, Major Companies, Canadian Forester, European Union, David Brand, Leadership Council, carbon credits, global warming, kyoto protocol, 1990 levels, greenhouse gas, carbon emissions, sell carbon credits, sell carbon, emissions trading, below 1990 levels, david brand, carbon dioxide, greenhouse gas emissions, emissions trading law,

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Approximate Word count = 1046
Approximate Pages = 4 (250 words per page double spaced)


  

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