The Viability Of Carbon Markets At Home And Abroad

Law360, New York (October 23, 2008, 12:00 AM EDT) -- Despite optimistic predictions regarding carbon markets’ potential to effectively and efficiently reduce greenhouse gas emissions worldwide, many obstacles threaten to impede the growth and stability of these market-based greenhouse gas reduction systems.

Just recently, the Regional Greenhouse Gas Initiative (“RGGI”), the first mandatory, market-based effort in the U.S. to reduce greenhouse gas emissions, completed its initial auction of emission allowances, which while successful in some respects, resulted in an emissions allowance price that is likely too low to motivate utilities to generate cleaner power in the...
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