Tag Archives: CO2

Carbon as Commodity: Is Cap-and-Trade’s Market Approach Flawed?

by Michael Roh Abstract  Emissions trading schemes, or cap-and-trade, provide a market-friendly approach for countries to reduce their CO2 emissions. Cap-and-trade works by quantifying the CO2 itself into permits, and then setting a limit, or cap, on emissions by reducing the amount of permits over time. The permits are tradable, allowing for supply and demand forces to […]

Putin at COP21 and the Disproportionate Reaction by the West

By Michael Roh Abstract Russia, the country with the largest natural gas reserves in the world, is notably one of the largest greenhouse gas emitters. Therefore, its participation is crucial to the legitimacy of any international climate change agreement. At the 21st meeting of the Conference of the Parties in Paris, referred to as COP21, […]