In this week’s episode, host Daniel Raimi talks with Stefano De Clara, head of secretariat at the International Carbon Action Partnership, about the development of carbon markets around the world. Carbon markets, which also are known as “emissions trading systems,” are market-based policies that set a cap on total emissions and issue a limited number of emissions permits that emitters then can trade within the market. De Clara discusses carbon markets in Europe, China, India, Nigeria, and the United States; the growth of voluntary carbon markets; and policy developments to watch in the near future.

References and recommendations:

“Emissions Trading Worldwide: 2023 International Carbon Action Partnership Status Report” from the International Carbon Action Partnership; https://icapcarbonaction.com/en/publications/emissions-trading-worldwide-2023-icap-status-report

“The New Map: Energy, Climate, and the Clash of Nations” by Daniel Yergin; https://www.danielyergin.com/books/thenewmap

“The Ministry for the Future” by Kim Stanley Robinson; https://www.hachettebookgroup.com/titles/kim-stanley-robinson/the-ministry-for-the-future/9780316300162/

“Facing Fears and Imagining Innovation for Climate Change, with Kim Stanley Robinson; https://www.resources.org/resources-radio/facing-fears-and-imagining-innovation-for-climate-change-with-kim-stanley-robinson/