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.

"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 September 20, 2014 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 September 20, 2014).

Share This



More Earth & Climate News

Saturday, September 20, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

Climate Change Rally Held in India Ahead of UN Summit

Climate Change Rally Held in India Ahead of UN Summit

AFP (Sep. 20, 2014) Some 125 world leaders are expected to commit to action on climate change at a UN summit Tuesday called to inject momentum in struggling efforts to tackle global warming. Duration: 00:41 Video provided by AFP
Powered by NewsLook.com
New Music With Recycled Instruments at Colombia Fest

New Music With Recycled Instruments at Colombia Fest

AFP (Sep. 19, 2014) Jars, bottles, caps and even a pizza box, recovered from the trash, were the elements used by four musical groups at the "RSFEST2014 Sonorities Recycling Festival", in Colombian city of Cali. Duration: 00:49 Video provided by AFP
Powered by NewsLook.com
Raw: Wildfires in CA Burn Forest Asunder

Raw: Wildfires in CA Burn Forest Asunder

AP (Sep. 18, 2014) An out-of-control Northern California wildfire has nearly 2,800 people from their homes as it continues to grow, authorities said Thursday. Authorities said a man has been arrested on suspicion of arson for starting the fire on Saturday. (Sept. 18) Video provided by AP
Powered by NewsLook.com
Raw: Elephant Undergoes Surgery in Tbilisi Zoo

Raw: Elephant Undergoes Surgery in Tbilisi Zoo

AP (Sep. 18, 2014) Grand the elephant has successfully undergone surgery to remove a portion of infected tusk at Tbilisi Zoo in Georgia. British veterinary surgeons used an electric drill to extract the infected piece. (Sept. 18) Video provided by AP
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:
from the past week

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