Climate change is one of the most serious challenges facing humanity in the 21st century. It is a truly global problem that will trigger a fundamental transformation of fossil fuel powered industrialised economies. The first steps of this long process have already begun, with the Kyoto Protocol and other policy measures being implemented worldwide. Regulatory limits on greenhouse gas emissions will materially impact businesses that are producers or large-scale consumers of fossil fuels. They will accelerate development of renewable energy and energy efficiency markets, and they will fundamentally impact strategy and profits in industries such as power generation, cement, steel, and oil refining. | Climate science: The greenhouse effect; the carbon cycle; how human activities contribute to global warming; patterns and consequences of climate change. | Climate policy: International climate change negotiations; the Kyoto Protocol; market-based mechanisms including emissions trading; EU policies to combat climate change.
| Emissions trading: The aim of emissions trading is to achieve emissions reductions at the lowest economic cost. | Central and Eastern Europe: The special position of post-socialist countries in the carbon market; carbon finance in the region; expected impact of EU emissions trading
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For an in-depth coverage of climate change, check out the BBC News Global Warning website. |
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