The Kyoto Protocol is such an agreement amongst various nations towards reducing the levels of the greenhouse gases in the atmosphere. These days organizations are trying to evolve various Eco-friendly ways to reduce the levels of greenhouse emissions. A carbon audit regime which is defined as a way of accounting of the greenhouse gases. A carbon audit regime which is defined as a way of accounting of the greenhouse gases. This type of regime is present in the UK. This technique is aimed towards giving a broad view of the greenhouse gas emissions from enclosed as well as free spaces.
(British Council n. The first step would involve fixing the maximum level of carbon dioxide in nature. Based on the level of carbon dioxide control measures can be adopted in an attempt to reduce the level of carbon dioxide in the atmosphere. This would be a part of the contraction exercise. This part would lead the global convergence part. In spite of the opportunities offered by the carbon rationing system, there are some shortcomings in this process namely, Domestic tradable quotas is an instrument which has been designed to help nations reduce the amount of greenhouse gas emission which arises as a result of the use of energy.
This scheme is based on the assumption that for regulating and stabilizing the greenhouse gas emissions on a very large scale sustainable efforts on the part of nations are required. Moreover, it also assumes that the restrictions would be achieved by fixing targets on nations which would form the emissions reduction target. This scheme is formed to help nations meet their emission norms target. These should be implemented on a national basis.
The nations which would implement the DTQs would have to determine the maximum amount of greenhouse gas that can be emitted per year. This budget would be reduced each year on a progressive basis till the target for the emission reduction target is achieved. The carbon budget is broken into carbon units with one carbon unit representing one kilogram of carbon dioxide.
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