By Oliver Tickell
The Kyoto Protocol, the realm s first tentative step in the direction of fending off the specter of weather switch, has failed. We urgently desire a new plan of action. In Kyoto2 the author, journalist and broadcaster Oliver Tickell places ahead a strikingly unique new answer. utilizing a method of finite construction rights for greenhouse gases, which might be traded by means of businesses on a world public sale, Kyoto2 seeks to be successful the place the unique contract failed. Regulated through an self sustaining physique, the money should be poured again into therapeutic the injuries inflicted by way of weather switch. In his blend of idealism with sensible proposals, Tickell exposes the failings in present methods, and envisions a fairer and more advantageous approach.
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Sample text
Indeed, in the industrialized world similar manufacturers have chosen to reduce their emissions voluntarily. An alternative approach to cutting HFC-23 emissions from the small number of refrigerant producers in the developing world (17 at the last count) would be to pay them for the extra cost of installing the simple technology needed to capture and destroy HFC-23. 18 Two industrial polluters who are then at liberty to reinvest the profits into the expansion of their operations’. He cites the example of Indian industrial conglomerate SRF, which recorded an $87 million profit from HFC-23 credits in 2006/07.
Yet the clearance and burning of forests have reached unprecedented levels from Brazil to Indonesia, and it is estimated27 that 18 per cent of global emissions of CO2 arise from this source. Although forestry projects are in principle admissible in the CDM, only a single such project has been approved to date. The main reasons for the lack of forestry projects are the bureaucratic burden and the fact that only carbon absorbed by 2012 can be sold into the first commitment period, and forestry projects typically achieve their carbon drawdown over a timescale of about a century.
34 44 These sums are inadequate in the face of likely demand for climate change adaptation funding of the order of $100 billion per year (see Chapter 6). No scientific or economic basis The Kyoto Protocol has no firm scientific or economic basis, having emerged from a maelstrom of negotiation and horse trading dominated by national, political and commercial vested interests. The Kyoto targets relate to neither environmental nor economic objectives, as described by William Nordhaus: The most fundamental defect of the Kyoto Protocol is that the policy lacks any connection to ultimate economic or environmental policy objectives.
