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
Greenhouse gas emissions in Kentucky tons of perfluorocarbons (PFCs) (4.8 MMTCE), and 0.003 million metric tons of nitrous oxide (0.2 MMTCE) The major source of carbon dioxide emissions was fossil fuel combustion (96%), the majority of which is utility coal. Minor emissions came from cement and lime production and forest/grassland conversion. Carbon dioxide sinks (i.e., an increase in forest carbon storage) offset about 26% of the total carbon dioxide emissions. Sources of methane emissions were coal mining (73%), domesticated animals (12%), landfills (10%), manure management (3%), and natural gas/oil extraction (2%). Nitrous oxide emissions were from fertilizer use. Sources of perfluorocarbons were HCFC-22 production (91%)