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IELTS Free Online Writing Practice - Is carbon trading an effective strategy reducing emissions?

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Topic: "Is carbon trading an effective strategy for reducing emissions?"

Model Answer:

Carbon trading is a market-based approach used by governments and organizations worldwide to combat climate change and reduce greenhouse gas emissions. In this essay, I will argue that carbon trading is indeed an effective strategy for reducing emissions.

Firstly, carbon trading has the potential to incentivize businesses to invest in cleaner technologies and more sustainable practices. By placing a cap on total emissions and allowing companies to buy or sell their allocation of carbon credits, it encourages firms to minimize their environmental impact, thereby reducing overall emissions. For instance, if a company can reduce its emissions significantly, it may earn extra allowances to sell at a profit, incentivizing further investment in cleaner technologies.

Secondly, carbon trading promotes innovation and the development of new environmentally-friendly solutions by creating a financial motive for companies to find more efficient ways of operating. The competition for scarce emission permits can lead to the emergence of new industries focused on renewable energy and other green technologies. This economic pressure also encourages existing industries to streamline their processes, making them more eco-friendly over time.

However, some critics argue that carbon trading is an ineffective strategy as it places the responsibility on businesses rather than individuals or governments. They contend that unless the total cap on emissions is set at a level that genuinely addresses climate change, and the distribution of allowances is equitable among nations, carbon trading may not lead to the desired reduction in global emissions. Moreover, there are concerns about the potential for corruption in the allocation of emission permits.

In conclusion, while carbon trading has its limitations, it can be an effective strategy for reducing emissions if implemented correctly. By providing financial incentives for companies to invest in cleaner technologies and promoting innovation in environmentally-friendly solutions, carbon trading holds the potential to make a significant contribution to combating climate change. However, it is crucial that a robust regulatory framework is put in place to prevent corruption and ensure that the total cap on emissions is ambitious enough to address this global crisis.

Score: Band 8.5

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