Economy approach is another way to reduce the carbon emission, which is a passive way to do. This posed on a restriction on every member that within the protocol. Depending on penalties instead of consciousness of human, who is ever in the market has to follow rules in order to maintain a position. When companies and countries selling and buying carbon emission permit from each other, it is more likely to produce a cost-effective market that may decrease the carbon emission level of all. It is an excellent start to replace the services that are unsuitable for environment and ecosystems by eco-friendly ones.
When we can make different things into equations that can weigh both sides at the same time, it is possible to exchange those things between places and people. Then, the carbon market forms from neoliberal philosophy. “If you know that saving the Amazon is better for the atmosphere than keeping one car off the road, then you ought to be able to calculate how many cars are equivalent to saving the Amazon. The calculations may be difficult, but I do not see why the problems should be insurmountable” (Dr Richard Tipper, Edinburgh Centre for Carbon Management).
The global carbon market is a business that combines government regulation and trading permits in one market. This can prevent the market filled with too much government’s interventions that may cause market failures. The most significant protocol of the carbon market is the Kyoto Protocol, which is put into force on 2005. 37 countries following the protocol, they committed that they will cut the mission of six kinds of all six Kyoto Protocol gases: CO2, methane, nitrous oxide, hydrofluorocarbons, per fluorocarbons and sulphur hexafluoride.
Reference: "Anarchism and the Peak oil argument - Anarkismo." Insert Name of Site in Italics. N.p., n.d. Web. 16 Nov. 2011 <http://www.anarkismo.net/article/2672>.
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