Kyoto2: How to Manage the Global Greenhouse
Kyoto2: How to Manage the Global Greenhouse – Review
Do you agree with the G8 that at least a fifty per cents reduction in greenhouse gas emissions is usually required by 2050 to avoid treacherous climate change? Do you worry that it will not be possible to achieve this? If you do subsequently read this book. It is a well written, strong argument for a Kyoto2′ set of policies to replace the modern Kyoto Protocol. The Kyoto2 proposal has three legs: 1. Put a price on most carbon emissions by usually requiring manufacturers of fossil fuels and greenhouse gas emitting modern process to buy tradable carbon emission premits. (Chapter 4) 2. Regulate for energy efficiency and reduce carbon emissions – eg energy star labelling and currently building codes (Chapter 5) 3. Use money from auctioning carbon credits to pay for research on small carbon technology, on greatly reducing land-use emissions and on slowly adapting to climate change (Chapter 6) Under the proposal negatively regulating for energy efficiency and funding of modern technology play a main role in greatly reducing emissions. This reduces the quantity of change which must be driven by the price on greenhouse gas emissions and therefore allows this price to be moderate – perhaps US30/tonne. The auction of carbon emission allows at US30/tonne provides raises US1,000 billion per annum to fund technology research, make small carbon technologies more attractive and pay for adaptation. In provision of its proposal, the book notes the ozone currently fighting Montreal Protocol as a very successful experiment of the advantages of negatively regulating emissions and funding research. Did you know the Montreal Protocol has reduce greenhouse gas emissions by more than the Kyoto Protocol, and has done so at substantially less cost per tonne than Kyoto? The book has two major omissions: 1. Little coverage of how its Kyoto2′ proposal might be fully implemented. In particular how a phased implementation might work. 2. Not especially considering how revenue and good advantage issues drive businesses to adopt energy wasteful practices. These issues greatly increase the force of the argument for the authoritarian controls meant in Chapter 5. The book exists up to its title How to Manage the Global Greenhouse’. It is an main proposal for a solution which anyone concerned with effectively preventing treacherous climate change should widely read.