Bruce Braine,
Vice President for Strategic Policy Analysis, American Electric Power Service
Daniel Braun,
Director of Global Environmental Finance, Stark Investments
Neil Eckert,
Chief Executive of Climate Exchange Plc.
Joseph Pettus,
Senior Vice President, Fuel and Energy, Safeway Inc.
Moderator:
Richard Sandor, Chairman and CEO, Chicago Climate Exchange Inc.; Senior Fellow, Milken Institute
Daniel Braun, director of Global Environmental Finance for Stark Investments, talks about the market for emissions-rights trading.
One of the most significant developments in environmental policy is the emergence of flexible, market-based instruments that permit sources to meet abatement goals at minimum cost. A key feature of the approach is the marketable allowance, which creates a market in rights to emit pollutants - and in the process creates incentives to use the most efficient controls. The most successful case of emissions rights trading is the acid rain program, wherein sulfur dioxide is capped and traded among polluting entities. This model is currently being applied in combating climate change. The Kyoto Protocol, which allows a carbon cap-and-trade program as one of its flexible mechanisms for compliance, has brought about different trading schemes here and abroad. In Europe, for example, more than 1 billion tons of carbon dioxide was traded at a value of more than 18 billion euros ($23 billion) in 2006 alone. This roundtable discussion will look at the future of carbon trading. How much will it be worth? Where are the new markets? How long is it going to last? Who will be the major players?
Global Conference 2013
Former Prime Minister Tony Blair, philanthropist Bill Gates and Strive Masiyiwa of Econet Wireless discuss advancing prosperity in Africa.
