Climate change and the export environment
Definitions
Climate change: A change in the state of the climate that can be identified by changes in the mean and/or the variability of its properties, and that persists for an extended period, typically decades or longer.
Greenhouse gas: Any gas that absorbs infrared radiation in the atmosphere. The Kyoto Protocol names these as carbon dioxide, nitrous oxide, methane, sulphur hexafluoride, perfluorocarbons (PFCs) and hydrofluorocarbons (CHFCs).
Emissions trading: A market-based approach to reducing emissions, placing a limit on emissions allowed from all sectors covered by the scheme. It allows those reducing greenhouse gas emissions to use or trade excess emissions permits to offset emissions at another source. Also called a ‘cap and trade scheme’.
-Source: www.garnautreview.org.au