Story URL: http://news.medill.northwestern.edu/washington/news.aspx?id=125147
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Carbon trading, some say it's the market of the future
by Daniel Lambert
April 07, 2009
Dan Lambert/MNS
WASHINGTON -- Just five years ago, carbon trading was a little known concept. Now, it is growing exponentially.
Countries around the world began to look for creative ways to solve the global climate crisis after the Kyoto Protocol in 1997. The European Union adapted what was originally a U.S. idea, trading the right to pollute. The E.U. developed a continent-wide system to lower emissions.
Adam Nathan, director of communications for the Carbon Markets and Investors Association, believes the system has the potential to revolutionize the battle against climate change.
"This is our best hope of coordinating global action," Nathan said.
