POL101Y1 Lecture Notes - Lecture 9: National Energy Program, Contract, 2Degrees
Document Summary
A company registers with the un aa a clean development mechanism and is then able to sell certi ed emissions reduction units (alternative to reducing emissions: individual companies may do this as well. The canadian government supports helping developing economies reduce their emissions and adapt to climate change, no reference to reducing our own emissions. Realistically, it is the rich economies who produce the most emissions. 2009: copenhagen accord: reducing greenhouse gases by x amount by 2020. Canada has never taken the steps to reduce it"s emissions to meet kyoto goals. By withdrawing from kyoto, canada saved billion in penalties. Collective action problem: when individuals fail to act in their own best interest because they are not sure what other individuals or countries will do. Tragedy of the commons (communal land): if i am careful about how many resources.
