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Fledgling Carbon Market Starts To Fly |
Cologne, Germany - The global trade in carbon dioxide (CO2) is starting to boom as the European Union's market in carbon emissions gets off the ground, the World Bank reported on May 11.
The carbon market is a keystone of the Kyoto Protocol, which took effect last February. The theory is that market mechanisms, when tied to emissions targets, can provide a superb financial incentive. Countries and corporations that clean up their carbon pollution are financially rewarded by selling their allowance surplus to others which are over-target.
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There's Hope. Solutions already exist today that will drastically reduce an individual's ecological footprint.
- When shopping for a new vehicle, choose a vehicle with low green house gas emissions and a high fuel economy. Visit EPA's Green Vehicle Guide for help.
- Make the switch to energy efficient light bulbs that will cut energy consumption by 80%. Visit EDF's Energy-Saving Light Bulb Guide to see the abundance of designs available. This is a no-brainer because it saves you alot of money as well!
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