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The Carbon Marketplace

Though U.S. law doesn't require them to do it, many American corporations are electing to trade carbon credits. These futures contracts can reduce greenhouse gas emissions and make companies money. NBR correspondent Jeff Yastine finds out more about this marketplace in an interview with Richard Sandor, CEO of the Chicago Climate Exchange.



Discuss this interview on XChange - The NBR Blog.

Related NBR Stories & Links

• 10-18-07: S-Chip & The Climate Fight on Capitol Hill
• 07-17-06: "Commentary" - Carbon and Cap & Trade
• 07-13-07: Florida Joins California in the Shift Toward Combating Global Warming
• 02-21-07: "XChange, the NBR Blog" - Is Coal the Future?
• 02-02-07: Can Economics Solve Global Warming?

External/Links Articles*

• Business for Social Responsibility (BSR) (PDF Document)
  BSR is a San Francisco based firm that "provides socially resposnible business solutions to many of the world's leading corporations." This links to a July 2007 BSR report titled, "Getting Carbon Offsets Right: A Business Brief on Engaging Offset Providers."
• Carbonfund.org
  Carbonfund.org is a non-profit organization that encourages individuals, businesses, and organizations to reduce their carbon footprint. The organization uses education and public outreach and also promotes carbon offsets and reductions.
• Carbon Tax Center
  The Carbon Tax Center is an organization that believes "taxing emissions of carbon dioxide -- the primary greenhouse gas -- is imperative to reduce global warming." This links to the center's discussion of the "Tax vs. Cap-and-Trade" debate.
• Chicago Climate Exchange (CCX)
  The Chicago Climate Exchange is "North America's only active voluntary, legally binding integrated trading system to reduce emissions of all six major greenhouse gases (GHGs), with offset projects worldwide." The company's CEO, Richard Sandor, is Jeff Yastine's interview guest.
• Council on Foreign Relations (CFR)
  The Council on Foreign Relations is a nonpartisan resource for information and analysis. This links to a CFR backgrounder titled, "The Debate over Greenhouse Gas Cap-and-Trade."
• The World Bank Carbon Finance Unit
  The World Bank Carbon Finance Unit "uses money contributed by governments and companies in OECD countries to purchase project-based greenhouse gas emission reducations." The website contains information about carbon funds and facilities as well as a glossary of terms and frequently asked questions.

*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.