When Carbon Becomes Money (New Academy Review) (Energy Priorities)

Michael Northrop and David Sassoon describe how carbon has become an important currency in much of the developed world, with the advent of the EU emission trading market and the entry into force of the Kyoto Protocol next month.

Denis Du Bois
January 19, 2005

New Academy Review article (Vol. 3 No. 4 Winter 2004/2005). Climate policy is an important driver for the adoption of clean energy technologies. Carbon limits and emission trading markets will become factors in economic decisions, as the right to emit a ton of carbon becomes increasingly costly.

"There will be neither carbon coins nor carbon bills... Yet now that the European Union’s Emissions Trading Mechanism has been launched, carbon in its gaseous form has acquired a negotiable value in the modern industrial economy."

PDF available for download from the Rockefeller Brothers Foundation site: [www.rbf.org]

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