정보공시 시스템을 통한 기후변화 규제의 메커니즘
The Mechanism of Climate Change Regulations through Information Disclosure System
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Abstract
Global warming can severely change the climate system. Shifts in precipitation patterns, melting of snow caps and glaciers, and rising sea levels create an urgent need for a comprehensive climate change policy. Climate change has emerged as an important consideration in corporate planning today, and its profile appears likely to increase. Because of its potential adverse impacts on companies, whether through physical phenomena, regulation, or litigation, corporate planners are being forced to act. Information disclosure system such as Toxics Release Inventory has led to dramatic reductions in environmental pollutants around the world. For New York State, the regulation of greenhouse gas emissions through RGGI may be the best option at the present time. In order to be successful, RGGI will need to address how to incorporate new power plants into the market, the compensatory tax doctrine, and the enforcement of the regional cap. To date, cap-and-trade programs have been under development at the several level, The adoption and implementation of a federal cap-and-trade system must be carefully developed. Nevertheless the public is left with asymmetric information as to entities' contributions to climate change. Mandatory disclosure of GHG emissions is a necessary tool to promote emissions reductions in any nation. Mandatory information disclosure should work hand-in-hand with a cap and trade system to provide policymakers and stakeholders with a more lucid picture of a carbon regulated market. Such an integrated disclosure scheme is needed to convince firms to reduce emissions beyond compliance through continuous improvement.
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