Trading of Emission Certificates for Climate Protection: Using Markets and Private Capital for Development

  • Rainer Durth
Open Access
Chapter

Abstract

The realisation that climate change is caused and can also be stopped by humankind gained increasing recognition in 2007. The magic threshold up to which an increase in the average global temperature is considered to be still tolerable is between 2° and 3° Celsius. If this threshold is exceeded, the consequences are significant and almost impossible to control. In order to avoid this, greenhouse gas emissions will have to be cut in half against 1990 emission levels over the next 40 years around the globe. To achieve this, the European Union set itself ambitious goals in early 2007.

Copyright information

© The Author(s) 2012

Open Access. This chapter is distributed under the terms of the Creative Commons Attribution Noncommercial License, which permits any noncommercial use, distribution, and reproduction in any medium, provided the original author(s) and source are credited.

Authors and Affiliations

  • Rainer Durth
    • 1
  1. 1.KfW Carbon FundFrankfurtGermany

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