Carbon Markets in North America

13 Pages Posted: 16 Apr 2009

See all articles by Olga Nartova

Olga Nartova

University of Bern - NCCR Trade Regulation - Swiss National Centre of Competence in Research; University of Bern - World Trade Institute

Date Written: November 1, 2008

Abstract

This paper outlines some of the highlights and issues surrounding carbon markets in North America. Carbon markets are a new branch of environmental finance. The issues covered include US Federal and State carbon policy, climate change legislation and trading systems. A particular focus will be on the Regional Greenhouse-Gas Initiative, the first mandatory cap-and-trade scheme to be set up in the US, as well as other similar initiatives in the US. The paper will also discuss carbon trading and investments and the growing role of carbon as an impetus for investments in low-carbon technologies. A general overview of carbon finance and Clean Development Mechanism (CDM) projects will be provided, as well as a general review of expert opinion on how the cost of carbon impact will affect other energy resources. Finally, the paper will conclude with a short assessment of the potential role of agriculture and forestry in reducing carbon emissions.

Keywords: cap and trade, carbon emissions, climate change, US Regional Greenhouse-Gas Initiative

JEL Classification: K00

Suggested Citation

Nartova, Olga, Carbon Markets in North America (November 1, 2008). NCCR Trade Regulation Working Paper No. 2008/21, Available at SSRN: https://ssrn.com/abstract=1386929 or http://dx.doi.org/10.2139/ssrn.1386929

Olga Nartova (Contact Author)

University of Bern - NCCR Trade Regulation - Swiss National Centre of Competence in Research ( email )

Hallerstrasse 6
Bern, 3012
Switzerland
0316313629 (Phone)

University of Bern - World Trade Institute ( email )

Hallerstrasse 6/8
Berne, CH-3012
Switzerland

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