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Carbon markets gain momentum, despite challenges.

Publication: World Watch
Publication Date: 01-MAY-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Carbon markets are designed to combat climate change by putting a price on carbon dioxide ([CO.sub.2]) and other greenhouse gases, and then allowing companies and other entities to trade the right to emit these gases through permits, credits, or allowances. The emissions total in a state or a...

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...country is often capped by law; if company wishes to emit more than allowed under the cap, it can buy permits from another company that has reduced its emissions to...

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