Lessons from Euro carbon market

Daniel Adesina

Last November, California Air Resources Board flags off the first carbon market program in the United States of America despite the US senate’s 2010 failure to pass a national program. Given the state’s history of implementing environmental regulations that later becomes national policy, a successful cap-and-trade system could serve as a federal model in the future. I think the cap-and-trade idea is to make it more expensive to emit CO2, and to make green technologies-including renewable fuels, and carbon capture and sequestration-that are initially expensive more competitive with fossil fuels.If cap-and-trade in California fails, then that could be a big blow to its consideration as a national policy instrument in Washington.

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The European carbon program is going through some hard times. last week, the European parliament  voted 334-315 (with 60 abstentions) against a controversial “back-loading” plan that aimed to boost the flagging price of carbon, which since 2008 has fallen…

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About Standard Climate

Interested in all things about the Planet.
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