From kiosks to megastores: The evolving carbon market
Markets can play a key role in mitigating the effects of climate change by providing added flexibility, allowing emissions reductions to occur at a lower cost while maintaining a set level of emissions reductions. With careful regulatory design, both industry and consumers...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
University of California Agriculture and Natural Resources
2008-05-01
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| Series: | California Agriculture |
| Online Access: | http://calag.ucanr.edu/archive/?article=ca.v063n02p96 |
| Summary: | Markets can play a key role in mitigating the effects of climate change by providing
added flexibility, allowing emissions reductions to occur at a lower cost while maintaining
a set level of emissions reductions. With careful regulatory design, both industry
and consumers can benefit from low costs. We review the state of carbon trading globally
and in the United States, the West and California. New policies and regulations related
to AB32, which mandates reductions in California's greenhouse-gas emissions to 1990 levels
by 2020, are beginning to take shape. California has a unique opportunity to establish
a new ethos for carbon trading by acknowledging unavoidable mitigation costs, and
by designing a market-based solution that is fair, equitable and transparent, and
protects the most vulnerable members of society. |
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| ISSN: | 0008-0845 2160-8091 |