Compliance and Voluntary Carbon Markets in the EU & US
Episode description
Criticism of VCM is very common. But what about CCM?! Compliance Carbon Markets face design and political economy issues as well. Could we replace them both with industrial policy? Maybe, but that has trade-offs too. For what is a climate-concerned person to root?
This show delves into the fluctuations in the European Union's Emissions Trading System (ETS) carbon price and the U.S. Department of Energy's (DoE) efforts to boost carbon dioxide removal (CDR) investments through a purchasing challenge. The discussion spans the voluntary versus compliance carbon markets, with a focus on how the EU employs regulatory measures whereas the U.S. leverages financial incentives to address carbon emissions.
The episode also addresses the impacts of these policies on multinational corporations, the potential effects on carbon credit pricing, and the interplay between public policy and private sector initiatives in driving innovation in carbon removal technologies.
On This Episode
Resources
"Carbon Removal Is Getting Gamified", Heatmap article from Emily Pontecorvo
Connect with Nori
Nori’s other podcast Reversing Climate Change
Nori’s CDR meme X account