PART 1 - BACKGROUND

Certified Emission Reduction (CER) provides authorization to emit greenhouse gases like carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), and sulfur hexafluoride (SF6), all of which contribute to global warming.

Emissions Trading System is operated as a market-based approach designed to reduce greenhouse gas emissions. In this system, companies can trade remaining CERs one another.

Recently, the CERs' prices decrease as companies acquired a substantial number of CERs, due to limitations on emissions allowances for the upcoming year. Additionally, another reason is that companies were selling CERs provided for free by governments. In response to these challenges, there were proposals to reduce the total allowable CERs by 12.7 million tonnes and allow to carry over a maximum of three times of remaining CERs to next years by governments.

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PART 2 - OPINION

It is desirable to prevent global warming by reducing greenhouse gas emissions, but solutions need to be supplemented to prevent the serious climate crisis in the future.

In addition, the total amount of CERs allowed to companies should be maintained, because the decisive reason for selling CERs is that they actually emit more carbon than the set standard. Under the proposed reduction by 12.7 million tonnes, most companies would buy more CERs, which would again lead to decrease of prices in the Emissions Trading System, repeating a vicious cycle. In addition, I think each company should be able to carry over only the remaining CERs to next years. This is because if a company gets three times more CERs carried over in the previous year, it could result in further surpluses of CERs, which would inevitably be sold.

In pursuit of environmental sustainability, a range of initiatives and strategies are needed for us.

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Here, The SeoulTech will provide some potential eco-friendly strategies:

- Improving energy efficiency: We can make contributions by reducing energy use, adopting renewables, eco-friendly construction, and embracing sustainable transportation.

- Green transportation: We can promote eco-friendly alternatives to personal transportation by utilizing electric vehicles, bicycles, and public transportation.

- Improve policies and regulations: Governments and international organizations take steps to improve regulations and policies for environmental protection and to encourage a sustainable economy and environment.

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These initiatives can play an important role in protecting the global environment for a sustainable future. Every individual and organization can participate and contribute to solving environmental problems.

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Reporter,

Minju Kim alswn0201716@g.seoultech.ac.kr

Reporter 김민주

• 직책 :
• e-mail : alswn020716@g.seoultech.ac.kr