The Emissions Trading System - putting a price on carbon

Back



European Commission production: "The EU Emissions Trading Scheme (ETS) is a world first and a major weapon in Europe's fight against climate change. The innovative system has turned carbon dioxide emissions into a tradeable commodity. They can now be bought and sold like any other of the thousands of products traded on world markets today. The scheme works by placing a limit or a 'cap' on the amount of carbon dioxide participating installations - currently around 10,500 across the European Union - can emit every year. If an installation emits more than its allowance, it must either pay a very hefty fine or buy surplus allowances from companies that have managed to stay below their limit. The system ensures that overall CO2 emissions from the plants covered are cut in the most cost effective way. The video report shows: Factories and sources of CO2 emissions Renewable energies' systems ABN-Amro trading floor Pernis' Shell oil refinery (Europe's biggest oil refinery) DSM chemical plant Interviews with key figures including: Tomas Wyns, Climate Action Network Europe Jos Delbeke, Director for Climate Change & Air, DG Environment, European Commission Sara Ståhl, European Climate Exchange Gerhard Mulder, ABN-Amro Annemarie van der Rest, Shell Marc van Doorn, DSM Julia Williams-Jacobse, Dutch Environment Ministry Dr. Bert Metz, Intergovernmental Panel on Climate Change."

Channel: News & Politics
Uploaded: August 8, 2007 at 1:44 am
Author: EUXTV

Length: 0:10:22
Rating: 3.43
Views: 6,355

Tags: Emissions Trading System ETS Union EU Europe Shell IPCC Bert Metz Climate Action Network Julia Williams DSM EUX.TV EUX

Video Thumbnail #1:




Video Thumbnail #2:




Video Thumbnail #3:




Video Url:


Embed Code:


Video Comments:
alexgoloni (Monday 17th of November 2008 02:56:55 PM)
Thank you EU for the competitive advantage and for cooling the planet one-hundredth of a degree!
kingjobson (Saturday 8th of November 2008 04:10:57 PM)
Gerhard Mulder rocks!!!!
LiquidSmooth (Monday 3rd of November 2008 07:06:36 AM)
Wish people in the United States would wake up and see this coming. This is horrible I feel sorry for the poor people of the EU.
shapeshiftingLizard (Thursday 30th of October 2008 03:09:09 PM)
Time to move to Asia and speculate on co2 contracts. Those idiots will kill the economy in EU but why not earn on that? But yep this is a small step towards breath tax! Well done euro-fascists, make the slaves pay! -------- Be back in 2012 /annu :P
humanrightstruth (Monday 8th of September 2008 03:07:32 AM)
To learn more about WORLDBANK plans = google search YouTube video : "PROTEST-Indigenous Peoples "2nd MAY REVOLT" at the UN"
JMBSM61 (Thursday 10th of July 2008 07:01:01 PM)
TOTAL FUCKING BOLLOCKS...when I exhale I emit carbon dioxide. Why not a breathing tax on all humans.
UberScienceNerd (Thursday 26th of June 2008 11:20:53 AM)
THIS IS TYRRANY!
rexsyston (Monday 5th of May 2008 07:45:36 PM)
Total BOLLOCKS, there is no global warming and never has been. THIS IS A SCAM. In this film they state CO2 is now a commodity to be sold on open markets as with any manufactured product. WHY have a legitimate business if you can call a life sustaining gas a pollutant and then sell it to mugs for 28 dollars or £14 a ton? Al Gore is a greedy bastard, he has made $850 million from this SCAM, he claims to be CARBON NEUTRAL by buying from Generation Investment Management, he OWNS the company.
DenWar23 (Wednesday 4th of June 2008 04:11:01 AM)
That 'life sustaining gas' is also deadly in high concentrations. When levels get as high as they are forecast to, it becomes a pollutant. C02 is not sold like a commodity, the commodity is a permit to emit CO2. Emissions trading is the most effective market based mechanism to solve this global market failure.
UberScienceNerd (Thursday 26th of June 2008 11:28:15 AM)
So... we're selling the environment out?