It could also be said that when the industrial revolution began, which according to the American Institute of Physics marks the beginning of climate change, the people did not realize man-made global warming existed perhaps mitigating the responsibility for some countries due to their ignorance. More bibliographic sources will be needed to determine whether these factors mitigate some country’s responsibility. One potential solution that will be explored is the European Union Emissions Trading System, proposed in 2005 it is the largest greenhouse...
It could also be said that when the industrial revolution began, which according to the American Institute of Physics marks the beginning of climate change, the people did not realize man-made global warming existed perhaps mitigating the responsibility for some countries due to their ignorance. More bibliographic sources will be needed to determine whether these factors mitigate some country’s responsibility.
One potential solution that will be explored is the European Union Emissions Trading System, proposed in 2005 it is the largest greenhouse gas emissions trading scheme in the world. A cap is set on the total amount of greenhouse gasses that can be emitted by all participating installations which are reduced over time, allowances for emissions are then auctioned off or allocated for free and can subsequently be traded. More bibliographic sources are required to explore how successful this scheme has been at avoiding climate change.
There is no clear answer as to who should bear the costs of avoiding a dangerous climate; this essay has reviewed the evidence from the selected literature. The main conclusions revolve around the idea that the countries who contribute the most to climate change should pay the most to avoid further damage. Further research would be necessary to assess the following: whether current schemes, like the European Union Emissions Trading System and the Paris Agreement, have been successful in reducing the rate in which climate change is occurring and whether there are any mitigating factors that would reduce responsibility for some countries.