Commentary

COMMENTARY: Carbon Bigfoot: The Future of Voluntary Carbon Offset Markets

Sam Jonker, Stanford University -- When buying a plane ticket in 2024, most customers are presented with a puzzling option: to “offset” the carbon footprint of their flight for the low cost of around $20. As pressures to decarbonize continue to grow, airlines—and heavy industries alike—have been embracing novel solutions to reduce their carbon footprint. One solution—carbon offsetting—has grown to be a $5.5 billion industry, with shared support from both petroleum companies and environmental activists.

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BLOG: Cap-and-Trade and Environmental Justice: A Study of California’s RECLAIM Program

By Aidan Acosta, Middlebury College -- Cap-and-trade has been shown by previous studies to be at least as effective as prescriptive regulation at reducing air pollution. However, regulators must ensure that the dispersion of emissions that is dictated by the market is environmentally just in order for cap-and-trade to be a viable solution.