New business opportunities for oil development companies Kyoto Protocol including emission trading,clean development mechanism,etc.The impact of emission trading,joint implementation and clean development mechanism on energy industries

摘要

So far,carbon dioxide emission reduction countermeasures to prevent global warming have been regarded as a large cost factor in the development of oil and natural gas in the oil development business.However,as concerns for global warming problem have risen,many international conferences have been held in the last ten years and scientific knowledge about the influence on the global environment due to mankind's economic activities has increased preventing global warming.The Kyoto Protocol was concluded as a result of such increased awareness.The countermeasures to control carbon dioxide reduction,which mean the various mechanisms in Kyoto Protocol,are emissions trading (Kyoto Protocol article of 17),joint implementation (JI) (Kyoto Protocol article of 6) and the foundation of clean development mechanism (CDM) (Kyoto Protocol article of 12).As a result,emission right credits have become available,and the possibility of new business opportunities to produce a profit by the oil development industries have arisen.It could be said that the CDM mechanism includes the possibility of changing the negative views previously held by the oil development industry towards carbon dioxide emission reduction.Instead of carbon dioxide emission reduction countermeasures being merely thought of as cost burdens,it is possible that the oil development industry will now realize new business opportunities.