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Full-Text Articles in Law
The Curious Case Of Greening In Carbon Markets, James Salzman, William Boyd
The Curious Case Of Greening In Carbon Markets, James Salzman, William Boyd
Faculty Scholarship
Over the last several years, so-called carbon markets have
emerged around the world to facilitate trading in greenhouse gas
credits. This Article takes a close look at an unexpected and
unprecedented development in some of these markets—premium
“green” currencies have emerged and, in some cases, displaced
standard compliance currencies. Past experiences with other
environmental compliance markets, such as the sulfur dioxide and
wetlands mitigation markets, suggest the exact opposite should be
occurring. Indeed, buyers in such markets should only be interested in
buying compliance, not in the underlying environmental integrity of the
compliance unit. In some of the compliance carbon …
Reconstructing Climate Policy: Beyond Kyoto, Jonathan B. Wiener, Richard B. Stewart
Reconstructing Climate Policy: Beyond Kyoto, Jonathan B. Wiener, Richard B. Stewart
Faculty Scholarship
In their comprehensive analysis of the Kyoto Protocol and climate policy, Richard B. Stewart and Jonathan B. Wiener examine the current impasse in climate policy and the potential steps nations can take to reduce greenhouse gases. They summarize the current state of information regarding the extent of global warming that would be caused by increasing uncontrolled greenhouse gas emissions. They explain why participation by all major greenhouse gas-emitting countries is essential to curb future greenhouse gas emissions and also note the significant obstacles to obtaining such participation.
Stewart and Wiener argue it is in the national interest of the United …