Emissions trading market in pollution-licenses is more widely applicable than the market in emission-licenses. The international community began the long process towards building effective international and domestic measures to tackle GHG emissions (carbon dioxide, methane, nitrous oxide, hydroflurocarbons, perfluorocarbons, sulphur hexafluoride) in response to the increasing assertions that global warming is happening due to man-made emissions and the uncertainty over its likely consequences. That process began in Rio in 1992, when 160 countries agreed the UN Framework Convention on Climate Change (UNFCCC). The UNFCCC is, as its title suggests, simply a framework; the necessary detail was left to be settled by the
Carbon dioxide clathrate Type I clathrate for the first time by von Stackelberg & Muller (1954). On Earth, CO hydrate is mostly of academic interest. Tim Collett of the United States Geological Survey (USGS) proposed pumping carbon dioxide into subsurface methane clathrates, thereby releasing the methane and storing the carbon dioxide (Michael Marshall, 2009). As of 2009, ConocoPhillips is working on a trial on the Alaska North Slope with the US Department of Energy to release methane in this way, (ConocoPhilips, January 2010, New Scientist, no. 2714, p. 33). At first glance, it seems that the thermodynamic conditions there favor the existence of