Running header: CLEAN DEVELOPMENT
TheCase of Clean Development
Policy Recommendations beyond the Kyoto Protocol
Industrializednations need to demonstrate further commitment towards cutting downemissions to the targets outlined in the Kyoto protocol. It isimpossible to achieve this target without each country strengtheningits environmental policies. The policies should aim towards reducingthe use of coal in power production as well as cut down on oil use.In this regard, the policies should facilitate the removal ofbarriers to technologies that have the potential of increasing energyefficiency and enhance the utilization of renewable energy. However,countries need to ensure that the implemented policies lead to thecreation of job opportunities, reduced energy bills, and energysecurity.
Countriesshould put in place effective measures to cut emissions from theelectricity generation industry. Electricity production activitiesaccount for about 37% of carbon dioxide emissions related to energy(Kolk& Mulder, 2011).It is time to move away from electricity production using coal andoil. Without bringing sanity into energy production, it will bedifficult to achieve the targets in the protocol. Country regulationsshould provide a time frame for energy production companies to switchto co-generation, the use of natural gas and eventually energyproduction using renewable sources. Achieving this goal requiresgovernments to show commitments in decentralizing power generation,providing off-grid solutions and developing hybrid systems.
Countries,especially in the EU, should put in place measures to facilitateemission trading. Successful emission trading will lead to theachievement of strong and honest targets. Apart from facilitatingemission trading, countries should ensure that emission allocationshave strict restrictions and caps. Such measures will ensure higherincentives for emission reductions and create pressure for companiesto adhere to the carbon restrictions.
Thelast policy is to put in place measures to ensure that the developingcountries can mitigate the effects of climate change. Developingcountries contribute very little towards carbon emissions. Because ofbeing less industrialized, they require very little energy fordomestic and industrial use. Very few people can afford plane ticketsand buying cars. However, these countries bear the brunt of theeffects of climate change because of carbon emissions. Developingcountries should ensure that even as they aim at helping thesecountries cope with climate change, they should also enable them todevelop green sources of energy as the countries aim toindustrialize. The primary strategy in this regard is to ensure thatdeveloping countries put in place tools for adaptive planning inareas such as water reserves, forestry, agriculture, and technology.
Business Opportunities which I will Work to Promote
TheKyoto Protocol’s objective was to find ways of cutting down carbonemissions (Kolk& Mulder, 2011).In this regard, I will aim to protect business opportunities whichtake into account the dangers of carbon emissions by providing energyefficient solutions as well as renewable energy technology. Thefollowing are some of the business opportunities that I will promote:
Theuses of Hybrid electric vehicles
Thesevehicles use electricity in powering their engine, hence replacingfossil energy. However, they can still use fuel but convert it intoelectricity. The automotive industry relies heavily on fossil fuels.In large cities, automobiles have contributed to environmentalpollution because of their high numbers. Moreover, many countries,the majority in the EU, have imposed requirements to reduce emissionsin the automobile industry (Kolk& Mulder, 2011).Again, there is a growing market for hybrid vehicles as consumersbecome more responsible regarding environmental conservation. Theemission legislations, coupled with a growing market for hybridvehicles makes this opportunity worth supporting.
Windpower generation and geothermal energy
Energyproduction accounts for close to 40% of total carbon emissions.Therefore, it is important to promote businesses aimed at promotingthe utilization of wind and geothermal power. These two methods ofpower generation have high initial costs, therefore the need tosupport them
Which Industry is Likely to Gain the Most?
Ibelieve the automotive industry stands to gain the most because ofthe high appetite and increasing demand for electric automation. Manycountries, especially in the EU, have imposed requirements to reduceemissions in the automobile industry. This forces not onlymanufacturers but also consumers to adopt a clean automobilesculture. Moreover, people want to appear more responsible towardsenvironmental conservation, hence the desire to possess electriccars.
Kolk,A., & Mulder, G. (2011). Regulatory uncertainty and opportunityseeking. CaliforniaManagement Review, 54(1),88-106.