Companies are already swapping money for the right to emit more pollution, and cashing in on projects designed to suck up greenhouse gases. As this market booms, will it actually help to cut down on emissions? Michael Hopkin reports.
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References
Ellerman, A. D., Joskow, P. L. & Harrison, D. Emissions Trading in the US: Experience, Lessons and Considerations for Greenhouse Gases (Pew Center on Global Climate Change, Arlington, VA, 2003).
Lecocq, F. State and Trends of the Carbon Market 2004 (Carbon Finance at the World Bank, Washington DC, 2004).
Clarkson, R. & Deyes, K. Estimating the Social Cost of Carbon Emissions Government Economic Service Working Paper 140 (HM Treasury, London, 2002).
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Hopkin, M. The carbon game. Nature 432, 268–270 (2004). https://doi.org/10.1038/432268a
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DOI: https://doi.org/10.1038/432268a
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