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.
LATEST POSTS
PEOPLE
Wolfgang Amadeus Mozart and Frédéric Chopin discuss musicmusical ideas and influences associated with Mozart and Chopin, focusing on their contributions to classical and romantic music.
Einstein and Hawking (AI) about holography and black holesEinstein and Hawking - helps us to understand the profound ideas of the principle of holography and its connection with black holes.
Exploring life’s ultimate question: What is the purpose of our existence?Join us on a thought-provoking journey as we explore the age-old question, "What is the purpose of life?" Our latest blog delves into various philosophical and spiritual perspectives, providing insights and reflections on the meaning and significance of our existence.
Wolfgang Amadeus Mozart and Frédéric Chopin discuss music
musical ideas and influences associated with Mozart and Chopin, focusing on their contributions to classical and romantic music.
Einstein and Hawking (AI) about holography and black holes
Einstein and Hawking - helps us to understand the profound ideas of the principle of holography and its connection with black holes.
Exploring life’s ultimate question: What is the purpose of our existence?
Join us on a thought-provoking journey as we explore the age-old question, "What is the purpose of life?" Our latest blog delves into various philosophical and spiritual perspectives, providing insights and reflections on the meaning and significance of our existence.
TECHNOLOGY
THOUGHTS
Utopia: The Ideal Society UnveiledDiscover the origins of utopia, its impact throughout history, and humanity's eternal pursuit of an ideal world.
PatocracyUncover the concept of patocracy, where a select elite wield significant power, and its effects on society and politics.
Global democracyGlobal democracy will be based on one world state operating on liberal and democratic principles.
Utopia: The Ideal Society Unveiled
Discover the origins of utopia, its impact throughout history, and humanity's eternal pursuit of an ideal world.
Patocracy
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.
EDITOR'S SELECTION
science, history, government, economics, space, people, wellbeing, healthcare, technology, energy, climate, education, infrastructure, business, security, art, games, absurdystan, buzzwords, relax, sustainable development, entertainment, home,