How would passage of a cap-and-trade bill to limit greenhouse gas emissions change the carbon market?
The current market in which we are offering these offsets is a voluntary market. Contributors to offset programs do so as concerned citizens who want to make a difference in helping to avoid dangerous climate change. Voluntary action is an important avenue that can help to address this far-reaching challenge, but it will not be possible to meet a test of the magnitude posed by climate change without concerted action by businesses and governments, as well as individuals. Legislation to cap greenhouse gas emissions using the market-based “cap-and-trade” approach is currently under consideration in the Congress, in many states, and internationally. Some states, for example, in the Northeast, have recently adopted such a program to control emissions from electric power generation. Enacting these programs will send a price signal to the market that will place a value on greenhouse gas emission reductions and carbon capture and storage. Pricing carbon in this way will direct investments towa
Related Questions
- Aside from carbon capture and sequestration, what are other options for reducing greenhouse gas (GHG) emissions, and how effective will they be?
- How would passage of a cap-and-trade bill to limit greenhouse gas emissions change the carbon market?
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