CO2 credit or energy credit in emission trading?

Hu, Eric 2002, CO2 credit or energy credit in emission trading?, Energy policy, vol. 30, no. 4, pp. 263-265.

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Title CO2 credit or energy credit in emission trading?
Formatted title CO2 credit or energy credit in emission trading?
Author(s) Hu, Eric
Journal name Energy policy
Volume number 30
Issue number 4
Start page 263
End page 265
Publisher Elsevier Science
Place of publication New York, N.Y.
Publication date 2002-03
ISSN 0301-4215
1873-6777
Keyword(s) energy credit
CO2 credit
emission trading
Summary Emission trading is a good concept and approach to tackle global warming. However, what “currency” or “credit” should be used in the trading has remained a debatable topic. This paper proposed an “Energy Credit” concept as an alternative to the “CO2 credit” that is currently in place. From the thermodynamic point of view, the global warming problem is an “energy balance” problem. The energy credit concept is thought to be more thermodynamically correct and tackles the core of the global warming problem more directly. The Energy credit concept proposed can be defined as: the credit to offset the extra energy trapped/absorbed in the earth (and its atmosphere) due to the extra anthropogenic emission (or other activities) by a country or company. A couple of examples are given in the paper to demonstrate the concept of the Energy credit and its advantages over the CO2 credit concept.
Language eng
Field of Research 091599 Interdisciplinary Engineering not elsewhere classified
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2002, Published by Elsevier Science Ltd.
Persistent URL http://hdl.handle.net/10536/DRO/DU:30001643

Document type: Journal Article
Collection: School of Engineering and Technology
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