Carbon credits are bought and sold to offset carbon emissions. Over the past five years the carbon credit market has gone from zilch to $300 billion, in anticipation of government’s placing a tax on carbon emissions. The logic behind CCs is simple: those who surpass their state-mandated quota buy credits from parties whose emissions stay under the quota. Companies can, for instance, plant, or buy, forests that can offset carbon emissions. Within the next decade, most estimates put the CC market at $3-4 trillion.
For an interesting look at how the CC market is playing out in Brazil I recommend a Frontline World documentary aired on PBS. “The Carbon Hunters” delves into logging and the carbon market in Brazil.
Edited by G. John Ikenberry.Cover image download. Proposed Essay Topics 1) American Foreign Policy and the Future of Multilateralism Over the postwar decades, the United States played a leadership role in building multilateral regimes and institutions across a wide range of policy areas. It was a founder of the United Nations and champion of the […]
U.S.–China Relations: Competition or Cooperation? The U.S. and China stand at the center of today’s most consequential global relationship—one that shapes trade, technology, security, and the future of international leadership.Great Decisions: U.S.–China Relations, a free classroom resource from the Foreign Policy Association, helps students explore the history, tensions, and interdependence between these two nations through […]
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