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Essay / Research Paper Abstract
This 11 page paper answers five questions about the carbon market. The first question considers whether or not the offsetting market will encourage sufficient measures to prevent the need for multilateral intervention. The second question considers how the Internet may help small to medium-size offset providers in developing countries. The third question discusses the potential impact on the jobs market of a growing carbon market. The fourth question considers what aspect would be important in the business plan for a supplier in a developing country. The last part of the paper considers potential of offsetting to become a moneymaking opportunity in the money markets. The bibliography cites 10 sources.
Page Count:
11 pages (~225 words per page)
File: TS14_TEcarbonmkt.rtf
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Unformatted sample text from the term paper:
the net emissions, the questions is whether or not the existence and use of the market alone will be sufficient to encourage the use of offsetting, or is there the
need for multinational interventions? In many markets there is the ability of the market forces to meet market needs as a result of supply and demand, as the demand increases
the supply will also increase to satisfy the demand, especially if the market is lucrative, but this is not true for all markets (Nellis and Parker, 2006). When looking
at the carbon market there is two types of schemes; compliance and voluntary schemes (Kollmuss et al, 2008). These two markets are very different; the compliance markets are regulated, with
specific mandatory controls and requirements (Kollmuss et al, 2008). The voluntary markets operates outside of the compliance markets, and do not have any mandatory rules or regulations (Kollmuss et al,
2008). The voluntary carbon market facilitates the ability to undertake carbon offsetting on a voluntary basis, therefore a major aspect of determining whether or not there is a need for
multilateral intervention is to determine whether or not this voluntary market, supplementing the compliance market, is able to encourage sufficient action to avoid the need for further intervention. The first
consideration may be the way in which the voluntary market is utilized, it appears that the voluntary markets do have a significant level of market force, in 2006 the market
was worth ?23 million (Hamilton, 2007). However, it should be noted that the truck take is still relatively low compared to the compliance market, where the same year saw ?62.6
million (Hamilton, 2007). This demonstrates a key aspect of the voluntary sector; the need for the demand to be stimulated by market conditions rather than intervention. Increasing pressures from a
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