Featured Research

from universities, journals, and other organizations

Emerging Carbon Finance Market Will Play Critical Role In Addressing Climate Change, Experts Say

Date:
November 10, 2008
Source:
Yale University
Summary:
Climate change is an unprecedented global problem and an emerging carbon finance market will play a critical role in addressing it, asserts a newly published Yale report.

Climate change is an unprecedented global problem and an emerging carbon finance market will play a critical role in addressing it, asserts a newly published Yale report.

Related Articles


"This publication represents a major advance in our understanding of the interrelationships of government policy, private markets and technology in the climate arena," says Brad Gentry, director of the Center for Business and the Environment at Yale, in the report's foreword.

According to a 2007 United Nations report, 85 percent of the multibillion dollar investment to address climate change now comes from the private sector, not government. The global carbon market logged $64 billion in trades in 2007 and is on track to top $100 billion this year. One recent forecast predicted that the trade would reach $1 trillion annually by 2020, assuming that the United States joins the market with the passage of a cap-and-trade system now being discussed in Congress.

The report "Carbon Finance: Environmental Market Solutions to Climate Change" grew out of a carbon finance speaker series sponsored by the Emily Hall Tremaine Foundation and organized by the Center for Business and the Environment at Yale, in which corporate leaders and investors from around the world discussed how financial markets are playing a major, positive role in providing solutions to environmental problems.

Co-edited by program director Bryan Garcia and researcher Eric Roberts, both with the Center for Business and the Environment at Yale, and published by the Yale School of Forestry & Environmental Studies, the report is a compilation of lectures on, among other themes, the problem-solving role of finance in confronting climate change; the need for investors to factor climate change into their investment strategies; the value of carbon and renewable energy; the role of regulation in a functioning environmental market; climate change funding and investment by foundations; hedge funds and climate change; venture capital and the challenge of funding new technologies; the link between the insurance industry and climate change; and the complexities and opportunities facing the forest products business.

"This publication is a timely resource, especially as the northeastern United States embarks on a major carbon market program through the Regional Greenhouse Gas Initiative," said Gus Speth, dean of the environment school. "Since carbon now has a price, RGGI can be effective in reducing greenhouse gas emissions."

Report: http://www.yale.edu/cbey/carbonfinance2008

.


Story Source:

The above story is based on materials provided by Yale University. Note: Materials may be edited for content and length.


Cite This Page:

Yale University. "Emerging Carbon Finance Market Will Play Critical Role In Addressing Climate Change, Experts Say." ScienceDaily. ScienceDaily, 10 November 2008. <www.sciencedaily.com/releases/2008/11/081107143622.htm>.
Yale University. (2008, November 10). Emerging Carbon Finance Market Will Play Critical Role In Addressing Climate Change, Experts Say. ScienceDaily. Retrieved February 1, 2015 from www.sciencedaily.com/releases/2008/11/081107143622.htm
Yale University. "Emerging Carbon Finance Market Will Play Critical Role In Addressing Climate Change, Experts Say." ScienceDaily. www.sciencedaily.com/releases/2008/11/081107143622.htm (accessed February 1, 2015).

Share This


More From ScienceDaily



More Earth & Climate News

Sunday, February 1, 2015

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

Raw: Rare Clouds Fill Grand Canyon

Raw: Rare Clouds Fill Grand Canyon

AP (Jan. 29, 2015) For the second time in two months, a rare weather phenomenon filled the Grand Canyon with thick clouds just below the rim on Wednesday. (Jan. 29) Video provided by AP
Powered by NewsLook.com
Senate Passes Bill for Keystone XL Pipeline

Senate Passes Bill for Keystone XL Pipeline

AP (Jan. 29, 2015) The Republican-controlled Senate has passed a bipartisan bill approving construction of the Keystone XL oil pipeline. (Jan. 29) Video provided by AP
Powered by NewsLook.com
"Cloud Inversion" In Grand Canyon

"Cloud Inversion" In Grand Canyon

Reuters - US Online Video (Jan. 29, 2015) Time lapse video captures a blanket of clouds amassing in the Grand Canyon -- the result of a rare meteorological process called "cloud inversion." Rough Cut (no reporter narration). Video provided by Reuters
Powered by NewsLook.com
Why Researchers Say We Should Cut Back On Biofuels

Why Researchers Say We Should Cut Back On Biofuels

Newsy (Jan. 29, 2015) Biofuels aren&apos;t the best alternative to fossil fuels, according to a new report. In fact, they&apos;re quite a bad one. Video provided by Newsy
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:

Breaking News:

Strange & Offbeat Stories


Plants & Animals

Earth & Climate

Fossils & Ruins

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile: iPhone Android Web
Follow: Facebook Twitter Google+
Subscribe: RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins