An Analysis of External Cost of Carbon Trading: Personal Carbon Credit
Date Issued
2010
Date
2010
Author(s)
Tsang, Shin-Sheng
Abstract
The global warming causes the global climate change, it creates the economic loss, the life and health loss, the ecology to be unbalanced and so many disasters. The artificial greenhouse gas increasing is the most main cause especially the carbon dioxide (CO2) .We must be able to solve the external effect of CO2 emission that we just can be able to slow down the global warming, “the environmental protection” and “the economic development” just can create win-win.
The Kyoto Protocol was to become effective officially in 2005. It means that the world faces up to the warming effect seriously. The Kyoto Protocol designs three kinds of carbon trading mechanisms which inducts the market principle. That represents the carbon trading is the most important tool to reduce CO2 emission. But the global CO2 emission actually has not reduced along with the carbon trading market scale unceasing expansion. That means there carbon trading mechanisms, the markets and the commodities are not useful to reduce the global CO2 emission very obvious.
In order to internalizes the external cost of CO2 emission and to reduce the global CO2 emissions total quantity. This thesis attempts to discuss the “personal carbon credit” mechanism. This research is major in two variables, “the population” and “the per capita GDP”. There are the most important variables to influence the CO2 emissions.
It only has to real solve the external cost of CO2 emission. That just could be able to reduce the global CO2 emissions effectively and reduces the threat which the climate change causes. The personal carbon credit mechanism except can solve the external effect of CO2 emission and slows down the global warming, also because the initial property rights could be limited and trade freely, the market is effective finally.
Subjects
global warming
CO2
Kyoto Protocol
external effect
personal carbon credit
SDGs
Type
thesis
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