The consequences of global climate change are far-reaching, spanning Results precipitation pattern changes to the spread of vector-borne diseases into new territory. Various data suggest, if climate change is not addressed in a timely manner, then business models need to change dramatically. This paper addresses various attempts governments used to have greenhouse gas reduction target, which either “Compliance” or “voluntary” markets. An overview of the Kyoto Protocol is to … Read more »

The consequences of global climate change are far-reaching, spanning Results precipitation pattern changes to the spread of vector-borne diseases into new territory. Various data suggest, if climate change is not addressed in a timely manner, then business models need to change dramatically. This paper addresses various attempts governments used to have greenhouse gas reduction target, which either “Compliance” or “voluntary” markets. An overview of the Kyoto Protocol provides topics of market regulation, reductions measurement and carbon balance of auditing, with an impact on companies in Kyoto-compliant nations. Voluntary markets control their emissions through the purchase of Verified Emission Reductions (VER), which is significantly different than that in a compliance market with its own challenges and advantages. Carbon Market research is still in its infancy and challenges abound in the public perception, trust, prices, costs of certification, the scope and functionality.
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David J. Sharp,
Jesse Shantz,
Angelique Xanthopoulos
20 pages.
Release Date: 20, February 2009. Prod #: 909M04-PDF-ENG
Note on Carbon Markets HBR case solution