Taxes levied on fossil fuel. The amount is based on the carbon foot print / carbon content of the actual fuel. The concept is to incentivize consumers to reduce consumption of high polluting fuels A surcharge on the carbon content of oil, coal, and gas that discourages the use of fossil fuels and aims to reduce carbon dioxide emissions
Is the natural or human activity or mechanism that removes carbon dioxide from the atmosphere, such as the absorption of carbon dioxide by growing trees. The concept of carbon sinks is based on the natural ability of trees, other plants and the soil to soak up carbon dioxide and temporarily store the carbon in wood, roots, leaves and the soil. Proponents of carbon sink credits suggest that the absorption of carbon dioxide by trees and the soil would be just as valid a means to achieve emission reduction commitments under the Kyoto Protocol as cutting emissions of carbon dioxide from fossil fuels. Carbon sinks have dominated the climate change agenda, diverting attention away from the inescapable need to drastically curb greenhouse gas emissions in industrialized countries
An international climate change initiative that focuses on sequestration technology development
The amount of carbon available in the atmosphere and the biosphere. Unlike carbon in fossil fuels, carbon stored in the biosphere can be released very easily into the atmosphere through forest fires, insect outbreaks, decay, logging, land use changes or even the decline of forest ecosystems as a result of climate change.
The amount of carbon by weight per kilowatt-hour of electricity produced
Carbon tax is viewed as an alternative to the cap-and-trade system. One of the reasons is that cap-and-trade system involving plant-by plant-measurements is difficult to administer and can provide incentives for evasion. Under a cap-and-trade system, the government would set an overall limit on emissions and allocate permits to emitters. If one plant reduces its emissions more quickly than another, it can sell its credits to the other emitter. A carbon tax would simply increase the cost of emitting each ton of carbon, which could then be passed on to consumers. A carbon tax offers certainty about the price of polluting, which appeals to many economists and businesses.
Oil recovery practices leave behind a large resource of “stranded oil”. Such stranded oil provides a substantial target for enhanced oil recovery technology. Emerging, advanced EOR technologies such as CO2 first tried in 1972 could double the incremental oil recovery. Until recently, most of the CO2 used for EOR has come from naturally-occurring reservoirs. But new technologies are being developed to produce CO2 from industrial applications such as natural gas processing, fertilizer, ethanol, and hydrogen plants in locations where naturally occurring reservoirs are not available
Carbon dioxide capture and geological storage
All parts (reservoirs) and fluxes of carbon; usually thought of as a series of the four main reservoirs of carbon interconnected by pathways of exchange. The four reservoirs, regions of the Earth in which carbon behaves in a systematic manner, are the atmosphere, terrestrial biosphere (usually includes fresh water systems), oceans and sediments (includes fossil fuels).
