What a Difference 10 Years Make

Richard L. Sandor

Chapter 61 in How I Saw It:Analysis and Commentary on Environmental Finance (1999–2005), 2017, pp 261-264 from World Scientific Publishing Co. Pte. Ltd.

Abstract: It started 10 years ago, with a grant to develop a pilot program that would apply financial innovation to advance environmental and economic goals. It has resulted today in a cap-and-trade system in the United States with an annual baseline of 600 million tons of carbon dioxide and cumulative cuts of more than 400 million tons. This market—created by the Chicago Climate Exchange (CCX)—compares with a 2 billion ton baseline in the European Union’s (EU) Emissions Trading Scheme…

Keywords: Environment; Emissions; Trading; Finance; Derivatives; Water; Energy; Carbon; Catastrophe; Weather; Sustainability; Fisheries; Greenhouse Gases; Sulfur Dioxide; Acid Rain (search for similar items in EconPapers)
JEL-codes: Q50 (search for similar items in EconPapers)
Date: 2017
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