1. Carbon Dioxide
Definition: A heavy colorless gas that does not support combustion, is formed especially in animal respiration and in the decay or combustion of animal and vegetable matter, is absorbed from the air by plants in photosynthesis

2. Projections for CO2
The Industrial Revolution not only marked our transition into an era of technological advancement and prosperity, but also drastically transformed the environment by increasing CO2 emissions
Population began to grow exponentially
We consumed fossil fuels in increasing amounts to feed our rapidly industrializing economies
Increased deforestation to make room for cities and roads
Less trees Less photosynthesis More CO2
Is this the price of progress?

4. Sources of CO2 emissions in the US
Electricity
Is a significant source of energy in the United States that is used to power homes, business, and industry
The combustion of fossil fuels to generate electricity is the largest single source of CO2 emissions in the nation, which accounts for approximately 37% of total U.S. CO2 emissions and 31% of total U.S. greenhouse gas emissions in 2013
Transportation
The combustion of fossil fuels like gasoline and diesel, used to transport people and goods is the second largest source of CO2 emissions
This includes transportation sources such as highway vehicles, air travel, marine transportation, and rail
Industry
Many industrial processes emit CO2 through the combustion of fossil fuels
Some of the emissions are produced through other chemical reactions that do not require combustion such as the production of mineral products, metals, and chemicals

5. How does a Greenhouse Work?
The sun emits different types of electromagnetic radiation
The glass allows most solar wavelengths to enter except for the long (thermal infrared) wavelengths
Upon colliding with plants or the Earth, the short wavelength infrared rays warm the plants and the Earth
The warmed objects give off long wavelength infrared which are mostly trapped inside the glass and continue to heat the inside of the greenhouse

6. The Greenhouse Effect
There are certain gases that are naturally present in the Earth’s atmosphere called greenhouse gases, which trap heat in the atmosphere and help regulate the Earth’s temperature
Carbon Dioxide (CO2) is the primary greenhouse gas emitted through human activity
In 2013, CO2 accounted for nearly 82% of all United States greenhouse gas emissions from human activities
The equilibrium level for CO2 in the atmosphere is 280 ppm but currently the level of CO2 in atmosphere is approximately 400ppm
This means that our atmosphere contains 41% more CO2 than equilibrium
the increased amount of CO2 in the air is reflecting more infrared waves back towards the earth thus increasing average temperatures
The increased amount of CO2 in the atmosphere has a similar effect to a greenhouse where the glass is too thick, too much heat is trapped and temperatures rises

8. Harmful effects of CO2
Rising temperatures result in the melting of polar ice caps will raise sea level
it is predicted that if the global temperature rises by 3.60 °C, the polar ice caps and glaciers would melt. This would increase the water level of oceans by about 100 m and lead to the flooding of low-lying coastal areas of the earth
Ocean acidification
The CO2 reacts with the H2O to form H2CO3 (Carbonic acid) which then further breaks up into H+ and HCO3-
The increased concentration of Hydrogen ions increases the acidity of the ocean, putting many calcifying species at risk and may have severe destabilizing effects on the entire oceanic food-chain.

9. EPA Founding
After President Nixon’s inauguration in 1969, he established the Environmental Quality Council.
In late 1969, Congress passed the National Environmental Policy Act (NEPA). This statute changed the role of the government from passive conservation to active protection of the environment.  
In 1970, Nixon wanted to establish a regulatory body to guarantee the enforcement of environmental policy.  
It aimed to complete the following:
Establishment of environmental protection standards in line with the nation’s environmental goals.
Establishing research protocols and unifying data collection in order to strengthen current and developing environmental protection programs.
Assisting organizations, through grants, in slowing down pollution in the environment.
Working with the Environmental Quality Council to develop and recommend new policies to the President.
This resulted in the creation of the Environmental Protection Agency

10. Clean Air Act (1970)
Government intervention that was a crucial foundation in addressing the problem of air pollution
This was the first action taken by the Federal Government to mitigate air pollution
A comprehensive federal law that regulates air emission and allows the EPA to establish National Ambient Air Quality Standards (NAAQS) for common pollutants
SO2, O3, NOx, CO, PM, Pb
Its main goals were to: protect public health and regulate emissions of hazardous air pollutants
At the time CO2, was not prioritized as a hazardous air pollutant because it occurred naturally

11. Clean Air Act (1990)
Required technology based standards for areas that produce either more than 10 tons of a single hazardous pollutant, or more than 25 tons of a combination of hazardous pollutants
For these areas the EPA evaluates and requires a maximum possible reduction in emissions these Maximum Achievable Control Technology (MACT)
Standards are then reviewed for each area by the EPA every 8 years for any further reduction potential in emissions by these areas

13. Classification of Carbon Dioxide by EPA
• In 1998, the Clinton administration EPA determined that the Clean Air Act was “potentially applicable” to CO2 and other greenhouse gases
The Clinton administration never moved to regulate the gases, despite continued pressure from environmental groups
• The Bush Administration chose not to follow this classification, declaring that carbon dioxide and the like aren’t pollutants under the Clean Air Act. Therefore, the agency had no power to regulate them
This idea was rejected in April of 2007, when the Supreme Court rejected that position, declaring that Clean Air Act gives the Environmental Protection Agency the authority to regulate the emissions of carbon dioxide and other greenhouse gases from cars
This backing allowed the EPA to classify rising carbon-dioxide emission as a hazard to human health, meaning that while CO2 itself was not a pollutant, the rising concentrations were.
This once again gave the EPA the power to regulate and attempt to curb the rising levels of CO2 emissions.

14. Cap and Trade
CAP AND TRADE
The Other Option
THE FREE MARKET SOLUTION

15. Carbon Tax
There is currently no tax at the national level, only in some more local areas.
Carbon tax is one of two major market-based options to lower emissions, the other being cap-and-trade
Many economists and consumers prefer the carbon tax because of its simplicity and impartiality
Carbon tax is based on the concept of negative externalities
Externalities are costs or benefits generated by the production of goods and services. Negative externalities are costs that are not paid for. 
When utilities, businesses or homeowners consume fossil fuels, they create pollution that has a societal cost because everyone suffers from the effects of pollution.
Proponents of a carbon tax believe that the price of fossil fuels should account for these societal costs.

16. How does it work?
The federal government taxes Company X for the CO2 it emits
Company X adds the cost of the tax to the sale price of the product, essentially passing on the burden of the tax to the consumer
Products manufactured in companies that operate with low levels of emissions are able to sell their product for a lower price
Consumers purchase cheaper, low-pollution products
Competing companies have a financial incentive to reduce emissions
A portion of the tax is returned to low income households or green development and research

17. British Columbia
British Columbia inaugurated its carbon tax on July 1, 2008 at a rate of $10 (Canadian) per metric ton of carbon dioxide. The tax incremented by $5/tons annually, reaching its current level of $30 per ton of CO2 in July 2012.
Results
DROP IN FUEL CONSUMPTION: ”The carbon tax has contributed substantial environmental benefits to British Columbia (BC). Since the tax took effect in 2008, British Columbians’ use of petroleum fuels (subject to the tax) has dropped by 15.1% — and by 16.4% compared to the rest of Canada. “
GROWTH UNAFFECTED: “BC’s GDP growth has outpaced the rest of Canada’s (albeit by a small amount) since the carbon tax came into effect – suggesting that it has not adversely affected the province’s economy, as some had predicted. This finding fits with evidence from seven other countries that have had similar carbon tax shifts in place for over a decade, resulting in neutral or slightly positive effects on GDP.”
REVENUE NEUTRAL: “The BC government has kept its promise to make the tax shift ‘revenue neutral’, meaning no net increase in taxes. In fact, to date it has returned far more in tax cuts (by over $300 million) than it has received in carbon tax revenue – resulting in a net benefit for taxpayers. BC’s personal and corporate income tax rates are now the lowest in Canada, due to the carbon tax shift.”
GREENHOUSE GAS EMISSIONS DECLINING: “From 2008 to 2010, BC’s per capita GHG emissions declined by 9.9% — a substantial reduction. During this period, BC’s reductions outpaced those in the rest of Canada by more than 5%.”

18. So…Should We Do It? State Carbon Tax Federal Carbon Tax
Could serve as a model, which could provide a base for a federal tax.
Risks people driving out of state to get gas that isn’t taxed.
Could be easier to pass due to less pressure against environmentalism in every state.
If the US itself imposes the tax, it could affect other nations that trade resources that consume fossil fuels, and push other nations to adopt their own taxes.
It would be easier to regulate at the national level the tax, rather than each state having their own tax and making interstate trade more difficult.
Energy policies are normally maintained by the federal government.

19. How does Cap and Trade work?
Cap and Trade also known as Emission Trading is a market based approach used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants 1) A specific number of credits (the cap) is created 2) Businesses can buy and sell credits as they see fit 3) Cap decreases every year until the pollutant is ultimately banned

21. DOES IT WORK?
Does it Work?

22. YES!

23. Acid Rain Program (ARP)
- Title IV of the 1990 clean air act established program
- Sulfur Dioxide (SO2) causing Acid Rain was becoming a problem
- Primarily concerning coal fired power plants
- Pricing of SO2 made installing scrubbers economically advantageous

24. 1995 – Phase 1
Electric power generating plants (261 Units in 21 states) to cut sulfur dioxide emission rates to 2.5 lbs/million Btu
Those who installed scrubbers got a 2 year extension
2000 – Phase 2
Emission rates had to be cut to 1.2 lbs/million Btu
Polluters had to pay $2,000 per metric ton of SO2 emitted past

25. Results - SO2 emissions were reduced by 50% from 1980 levels by 2007
- Reduced cost of controlling acid rain by as much as 80%
- SO2 emissions have fallen from 17.3 million tons in 1980
to about 7.6 million tons in 2008, a decrease in emissions
of 56%
2005 Clean Air Interstate Rule (CAIR)
2011 Cross-State Air Pollution Rule (CSAPR) 28 States

26. Nitrogen Oxides (NOx) program
Nitrogen Oxides produce Smog, cause asthma
Ozone Transport Commission (OTC)
NOx Budget Trading Program (NTP) under the NOx State Implementation Plan, has gone further

27. Results Ozone Season NOx emissions decreased by 43%
between 2003 and Emissions continue to
drop
Will result in $85 billions - $100 billion in health
benefits.
Avoids 20,000 and 50,000 incidents of premature
mortality annually due to reductions of ambient
PM2.5 concentrations

28. SO2 and NOx Reductions

29. So what about Carbon?
SO WHAT ABOUT CARBON?

30. California
- In 2006 California passed the California Global Warming Solutions Act, under Gov. Schwarzenegger
program began
CAPS
2014: 160 million metric tons
2015: 395 million metric tons *
2020: 334 million metric tons
State has sold $2.27 Billion of CO2 allowances

31. Chicago Climate Exchange (CCX)
- Founded in Aimed to reduce CO2 emissions by 6% by Failed cents per metric ton ad eventually trading stopped altogether and market closed in Finding the right balance

32. Western Climate Initiative (WCI)
Started in 2007 by the governors of five Western States (AZ, CA, NM, OR, and WA) Green House Gas emissions 15% below 2005 emission levels by 2020 By 2008 initiative expanded to include two more states (MT, and UT) and 4 Canadian Provinces (BC, MB, ON, and QC) Only California adopted initiative into State Government, other states dropped out and now are “observers”

33. New York State
Regional Greenhouse Gas Initiative (RGGI) Nine States are part of RGGI Launched in 2009 with the aim to reduce the carbon budget of each state’s electricity generation sector to 10% below their 2009 allowanced by Initiative was revised and 2014 cap was 91 million tons. 2.5% reduction every year until 2020.

34. Results Economic - Since 2009 NY State Government has raised over
$700,000 from proceeding's and created 9063 job years.
- Over $1 Billion in energy bill savings to over 130,000 homes and 2,500 businesses.
Public Health
CO2 emissions caps also reduce amount of other air pollutants
Since 2005, rates of asthma, bronchitis, heart attacks, hospital visits, and death linked to air pollutants reduced by 87%, saving up to $4.8 billion

35. American clean energy and Security Act 2009
Was going to be a national Cap and Trade Program similar to the EU Emissions Trading Scheme
House of Representatives approved the bill
Would require electric utilities to meet 20% of their electricity demand through renewable resources by 2020
Reduce CO2 emissions by 17%
Never brought to the floor of the Senate for discussion or a vote

37. Other EPA Initiatives
2015 President Obama and EPA announce Clean Power Plan
- 32% reduction from 2005 levels by 2030
States are going to decide how they are going to achieve this
These plans are due in 2016
Could be reversed
Raising fuel efficiency standards
Improving building insulation standards
Subsidizing Clean Energy

38. The Take Away
Cap and Trade is method using free market economics to curb CO2 pollution Popular with those who would firmly appose a Carbon Tax Cap and Trade has worked in the past and it can work for Carbon as well in the future

39. International Measures

40. The start of international collaboration (1979)
The First World Climate Conference (1979) is held after a series of disastrous environmental and climate-related events worldwide.
Hosts: WMO, UNEP, FAO, UNESCO, WHO
The FWCC led to the creation of several global intl’ bodies representing different aspects of environmental concern: the most relevant being the World Climate Programme
Several environmental treaties would be made following this historical event.

41. FWCC’s Hosts

42. World Climate Programme (1979)
Established under the joint responsibility of WMO, UNEP and ICSU (International Council of Scientific Unions) in 1979
Goals:
Research to what extent climate can be predicted & the extent of human influence on climate
Ensure accessible observations of the global climate and manage data
Promote capacity development in developing countries
Effectively apply climate knowledge for planning, policy and practice

43. Intergovernmental Panel on Climate Change (1988)
Created in 1988 by WMO and UNEP, and endorsed by the UN General Assembly
This is a scientific body under the UN which reviews the most recent scientific, technical, and socio-economic information that is relevant to the study of climate change.
No research or scientific observations are conducted under this body.
Scientists worldwide contribute their research to IPCC.
The IPCC intends its reviews to be policy-relevant and policy-neutral, government endorsement of an IPCC review would then “acknowledge the authority of the[ir] scientific content.”

44. Rio de Janeiro Earth Summit (1992)
Held in Rio de Janeiro on June 1992 from the 3rd to the 14th.
Main theme: Environment and sustainable development.
United Nations Framework Convention on Climate Change (UNFCCC): A treaty first adopted during the Summit then formally enacted in 1994.
Other accomplishments: Agenda 21, Rio Declaration on Environment and Development, Statement of Forest Principles, UN Convention on Biological Diversity, UN Convention to Combat Desertification.

45. United Nations Framework Convention on Climate Change (UNFCCC)
The UNFCCC is an international treaty that has organized the Conference of the Parties, an annual event in which the heads of states can discuss environmental measures, protocols and treaties.
Aim: “Preventing ‘dangerous’ human interference with the climate system.”
But, how?
By stabilizing greenhouse gas emissions!

46. Kyoto Protocol Proposed in December 11, 1997 during COP3 (Kyoto).
Not formally put into effect until 2005 due to the complex ratification process.
Mandates wealthy countries (Annex I) that have ratified it to have binding emission targets, mainly for the six main GHGs.
Emerging developing countries such as China, India, and Brazil which have large GHG emissions must limit their emission growth.

47. Mechanisms
Clean development mechanism (CDM): Any Annex I country can invest in a non-Annex I country for emission reduction.
Joint Implementation (JI): Any Annex I country can invest in a GHG-reducing project with another Annex I country.
International Emissions Trading (cap-and-trade): Each ratifying country has “assigned amount units” (AAU) which they can trade with other countries.
The last trading unit is a “removal unit” (RMU) which is related to land use, land-use change and forestry (LULUCF).

48. Picturing it

49. The Limits & Targets

50. Doha Amendment, the Second Commitment
This is considered the second round of the Kyoto Protocol.
Created new targets for the second commitment period, from January 1, 2013 – 31, December 2020.
Enacted on December 8, 2012 at COP18 (Doha, Qatar).
Ratified by only 52 countries as of November 10, 2015.

51. The Top 10 Offenders

52. Global share of CO2 emissions from fuel combustion
2014 Stats from the UNFCCC
Global Rank
Name
Global share of CO2 emissions from fuel combustion 1
China
25.86% 2
United States of America
16% 3
India
6.16% 4
European Union (28)
11.00%
Russian Federation
5.20% 5
Japan
3.90% 6 7
Korea
1.87% 8
Canada
1.70% 9
(Islamic Republic of Iran) 10
Saudi Arabia
1.45%

53. EU Status
According to an October 2015 press release from the European Environment Agency, the EU has already achieved its 2020 goal, and is on track for its 2030 goal (40% reduction).

54. How the EU does it
Legalized and enforced carbon capture and storage (CCS).
Binding national targets for renewable energy.
Binding national emissions limit for each member state.
Emissions trading aka cap-and-trade, with linear annual reduction.
Renewable Energy Directive

55. China National goal: Have emissions peak by 2030 at the latest.
By 2014, with 2005 as a benchmark:
CO2 emissions per unit of GDP is 33.8% lower than the 2005 level.
The installed capacity of hydro-power is 300 gigawatts (2.57x), on-grid wind power is gigawatts (90x), solar power is gigawatts (400x), nuclear power is gigawatts (2.9x).
Non-fossil fuel in primary energy consumption is 11.2%.

56. How we probably look like to everyone else

57. Conclusion
United Nations Climate Change Conference (Paris): Parties to the UNFCCC will create another universal, legal agreement to deal with climate change beyond 2020.
COP21 will take place in Paris, from 30 November to 11 December 2015.
A majority of the parties to the UNFCCC have already submitted their Intended Nationally Determined Contribution (INDC).
Alternative sources of energy are large steps towards decreasing emissions.
Worldwide collaboration is essential.