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Table of Contents

  1. Topic pack - Microeconomics - introduction
  2. 1.1 Competitive Markets: Demand and Supply
  3. 1.1 Competitive Markets: Demand and Supply - notes
  4. 1.1 Competitive markets - questions
  5. 1.1 Competitive markets - simulations and activities
  6. 1.2 Elasticities
  7. 1.2 Elasticities - notes
  8. Section 1.2 Elasticities - questions
  9. Section 1.2 Elasticities - simulations and activities
  10. 1.3 Government intervention
  11. 1.3 Government Intervention - notes
  12. 1.3 Government intervention - questions
  13. 1.3 Government intervention - simulations and activities
  14. 1.4 Market failure
  15. 1.4 Market failure - notes
  16. Section 1.4 Market failure - questions
    1. Market failure - short answer
    2. Externalities - short answer
    3. Externalities & allocative efficiency - short answer
    4. Externalities - self-test questions
    5. Public goods - short answer
    6. Merit goods - short answer
    7. Demerit goods - short answer
    8. Types of goods - self-test questions
    9. Government responses - short answer
    10. Common access resources - activities
    11. Overexploitation - questions
    12. Sustainability - report
    13. Plastic bags - carrying the weight of the environment?
    14. Running cars on biofuels can be unethical
    15. Cement - the hidden polluter?
    16. African roses - a sign of change
    17. Congestion charging
    18. Putting a price on carbon
    19. Power bills to soar in 'green reforms'
    20. Beyond Kyoto
    21. Economic growth cannot continue
    22. The rush to find Jade
    23. Chopstick tax
    24. Taxing light bulbs - that's a bright idea
    25. Trading pig excrement
    26. Congestion pricing
    27. Packaging tax
    28. Airport expansion plans
  17. Section 1.4 Market failure - simulations and activities
  18. 1.5 Theory of the firm
  19. 1.5 Theory of the firm - notes (HL only)
  20. Section 1.5 Theory of the firm - questions
  21. Section 1.5 Theory of the firm - simulations and activities
  22. Print View

Putting a price on carbon

Read the article China plans carbon trading pilot scheme and then answer the questions below. You can either read the article in the window below or you can follow the previous link to read the article in a separate window.


read

You may also like to read the following articles relating to carbon trading schemes:


question

Question 1

Define the terms:

  • tradable permit
  • carbon trading scheme

Question 2

Explain how the use of cap and trade schemes is intended to reduce emissions of CO2.

Question 3

Explain the scope and objectives of the Kyoto Protocol.

Question 4

Discuss the relative merits of using carbon taxation as a policy to help meet emissions targets in comparison to cap and trade schemes.

Question 5

According to the Stern Review ".... the second ingredient necessary to tackle climate change [i]s a range of policies to support the development of low-carbon and high-efficiency technologies." Identify two policies that would help achieve this and evaluate their likely success.


Extension activity:

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Reducing Carbon emissions

Investigate the success of recent schemes and agreements to reduce carbon emissions. Prepare a 500 - 1000 word report on your findings, including some of the following:

  • An explanation of the focus and/or success of Kyoto Protocol, the UN Framework Convention on Climate Change and the Copenhagen and Cancún Summits on climate change.
  • A comparison of the relative merits of a cap-and-trade system and carbon taxes.
  • An analysis of whether the total number of permits allocated should be reduced.
  • An evaluation of alternative policy approaches to encouraging green investment.