Emissions Trading Scheme in Australia and China

Introduction

Greenhouse radiations and climate change are key issues affecting countries globally. China and Australia, like any other countries in the world are searching for solutions in addressing greenhouse effects. As a global response to climate change, schemes such as greenhouse trading are in place to mitigate carbon emissions and develop a viable ecosystem. China and Australia like all the other countries are trying to lower their carbon emissions while trying not to jeopardize economic development. For instance, three leading political parties in Australia have encouraged farmers and rural residents on how to reduce emissions, address climate change, and contain carbon emissions.

Australia and China

Greenhouse trading is a successful strategy undertaken by both Australia and china to minimize environmental degradation and limit emissions. In Australia, the government has recognized the spirit of balancing greenhouse effect with social and sensible priorities. Response measures to mitigate the issues have been set up for the country’s national interests. Most competitive industries depend on availability of competitively rated energy created by the country’s reserves of remnants (Tuerk, 2009). Besides, the Australia plays a decisive role in greenhouse gas trading by supplying other economies with alternative energy and other greenhouse emission intensive products such as aluminum, agricultural products and coal.

In addressing future challenges and strengthen investors’ confidence, and climate change, China and Australian have outlined greenhouse trading policies that address responsibility of government towards reducing greenhouse effects. Steps instituted by China and Australia vary. A cost-effective trading policy in greenhouse effect has been a forefront goal for Australia. This initiative has contributed to easing the pressure on businesses and people to provide an effective environment for business competition.

The second step is involving key players from beginning to implementation of new technologies in greenhouse gas reduction and measures that affect industries. Lastly, Australia has been resolving exceptional operational concerns on greenhouse and eluding greenhouse guidelines and measures that excessively ease access to the cost-effective greenhouse mitigation choices (Tuerk, 2009).

China recognizes the problem of humanity or the world is facing because of global warming. In addressing greenhouse effect, China has productively worked with other players globally to strengthen Kyoto protocol in a form applicable to national interests (Yamin, 2005). Further, China has comprehensively developed a national program that responds to measures aimed at covering all sectors and sources of greenhouse emissions. It has explored these issues within the principle of responsible leadership that balances with needs of Chinese businesses and the wider community.

In effecting greenhouse challenges, Chinese government has played a key role in promoting importance roles in highlighting problems caused by climatic change. Greenhouse trading programs launched by the government aims at environmental pollution at the same time encouraging climate conservation. The government has been prudent in recognizing national needs by implementing strong measures. One of the trading policies instituted is; economic measures such as efficiency use of energy resources. The country has mandated maximum efficiency and cost effective use of energy resources and strictly ensuring compensation measures concerning its interpretation.

Secondly, effecting the renewable energy law (Yamin, 2005). This has been influential in ensuring that most of energy in the country emanate from natural sources such as; hydropower, biomass, solar and wind. Besides, promotion of nuclear power has been on the increase. Raising this use for most household and industries has been a positive feedback in remedying climatic change. Consequently, improving the energy sector has been a productive effort by the Chinese government. China leads by decommissioning small, unproductive power generators and fast-tracking utilization of modern sophisticated plants (Tuerk, 2009). Further, development of coal established methane activities has been a substantial contribution to countering climatic change.

The major development of this technology is to challenge methane pollution during coal production. In addition, the technology helps in converting methane into practical aspects of fuel making such as fuel use thereby reducing emissions and acting as a substitute for other fuel use and other emissions. Lastly, China has strictly obeyed appliance efficiency standards. China is the world producer of most consumer products than any other country in the world.

In limiting electricity use and greenhouse gas emissions, the government has formed an efficiency standard in charge of; air-conditioners, labels for lights and home appliances (Yamin, 2005). The purpose of all these initiatives is to reduce electricity use in residential areas thus lowering greenhouse effects. All these greenhouse-trading policies by Chinese government aim at conserving the ecosystem in China.

Conclusion

Greenhouse gas emission trading programs in China and Australia contributes to a well-balanced ecosystem thus mitigating climate policy issues. Trading policies such as; economy wise and efficient methods in using energy, effecting the renewable energy law and implementation of new technologies in greenhouse gas among other policies directly influences climate policy framework of Australia and China.

References List

Tuerk, A. (2009). Linking Emissions Trading Schemes. London: Earthscan.

Yamin, F. (2005). Climate Change and Carbon Markets: A Handbook of Emission Reduction. London: Earthscan.

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DemoEssays. (2022) 'Emissions Trading Scheme in Australia and China'. 15 March.

References

DemoEssays. 2022. "Emissions Trading Scheme in Australia and China." March 15, 2022. https://demoessays.com/emissions-trading-scheme-in-australia-and-china/.

1. DemoEssays. "Emissions Trading Scheme in Australia and China." March 15, 2022. https://demoessays.com/emissions-trading-scheme-in-australia-and-china/.


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DemoEssays. "Emissions Trading Scheme in Australia and China." March 15, 2022. https://demoessays.com/emissions-trading-scheme-in-australia-and-china/.