1. Kyoto Accord: Costly Conformity
... by taxing polluting enterprises on amount of GHG"s emitted. So confident is Ottawa that it has recently announced that it will cap the amount that businesses will have to pay to meet Kyoto targets. This move is intended to calm fears that corporate investment costs would significantly rise under the Accord. ... and claims that the $15 per ton cap is a safe figure, expecting that the cost to businesses may actually be closer to $10 per ton (11). Ottawa announced on November 21 that businesses would not have to bear more than 55 megatons of its 240 megaton reduction target under the deal( ...
- Word Count: 3633
- Approx Pages: 15
- Has Bibliography
- Grade Level: Undergraduate