The EU-wide Emissions Trading System (EU ETS) was established in 2005. An emission allowance must be surrendered for every tonne of CO2 emitted. Since the total number of emission allowances is fixed across the EU and is annually reduced, the system guarantees emission reductions in the long run without imposing specific emission targets on individual market participants. The scarcity of allowances, combined with their tradability, has created a functioning market for emissions allowances. The “carbon price” determined by supply and demand is a yardstick that shows which carbon reduction measures are more economical than paying for allowances.


Albert Einstein and Nikola Tesla about God
Discussion between Albert Einstein and Nikola Tesla about God Einstein: Nikola, there is one question: the existence of God. What are your thoughts on this matter?
Bell and Stephenson about responsible and ethical innovation
Discussion between Alexander Graham Bell and Steve Stephenson. Remember that this is an imagined conversation
Gandhi and Mandela about struggle for rights and freedom
In this hypothetical discussion, Mahatma Gandhi and Nelson Mandela reflect on their shared commitment to the struggle for rights and freedom.


Utopia: The Ideal Society Unveiled
Discover the origins of utopia, its impact throughout history, and humanity's eternal pursuit of an ideal world.
Uncover the concept of patocracy, where a select elite wield significant power, and its effects on society and politics.
Global democracy
Global democracy will be based on one world state operating on liberal and democratic principles.


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