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Friday, 2nd February 2007

The Global Climate Change Marketplace: Moving Forward Without the United States

The Global Climate Change Marketplace: Moving Forward Without the United States
Source: Progressive Policy Institute

Two years after the international community ratified the Kyoto Protocol without the support of the United States, the advent of Kyoto's "cap and trade" program has created a vibrant and robust carbon marketplace that is driving investments in energy sources that do not burn carbon-emitting fossil fuels and in projects that capture carbon gases that are leaking into the atmosphere from old landfills, hog farms or factories. The carbon market has grown in less than 24 months to an annual level of $30 billion, without counting underlying investments that are flowing to efficient new power generation turbines, renewable energy sources, technologies that capture and control methane and other greenhouse gases, and the like.

In the new policy report, The Global Climate Change Marketplace: Moving Forward Without the United States, David J. Hayes former Deputy Secretary of Interior in the Clinton Administration and member of the Progressive Policy Institute advisory board, reviews the powerful impact that unleashing market forces can have on reducing carbon emissions and spurring investments in renewables and other climate change-friendly technologies.

+ Full Report (PDF: 179 KB)


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