Carbon pricing is an instrument that captures the external costs of greenhouse gas (GHG) emissions. This is levied on the Carbon emitters and is used as a relief against the loss that occurred due to Climate Change. It is based on the Polluter Pays principle. The problem of accounting for loss due to Climate Change:…
Pollution is defined as the accumulation of substances or forms of energy in an environment in quantities or at flow rates, which exceed an ecosystem’s capacity to either neutralise or disperse them to harmless levels. (RF Dasmann – 1975). What do the terms used in this definition mean? Pollution can happen through various mediums, such…
Global warming refers to the rise in global temperatures since the 1880s (i.e. the preindustrial levels) that has led to changes in the weather patterns around the globe. In the history of its evolution over a period of 4.5 billion years, the Earth has witnessed several events of climate change, many of which have led…
