Science, Technology, and Public Policy

Over the past decade, carbon trading has emerged as the industrialized world's primary policy response to global climate change despite considerable controversy. With carbon markets worth $144 billion in 2009, carbon trading represents the largest manifestation of the trend toward market-based environmental governance. In Carbon Coalitions, Jonas Meckling presents the first comprehensive study on the rise of carbon trading and the role business played in making this policy instrument a central pillar of global climate governance.

"This chapter expolres a number of related questions: How much time do we have to act? How much climate change is virtually inevitable? What are the consequences of procrastination? And finally, what is the appropriate role for governments wishing to act in time to reduce the threat of climate change? In addition, the reality of current emissions and policy responses is explored in some detail for the two biggest emitters in the world: the United States and China."

Governments and industry face a dilemma: how to reconcile increased energy demand with the need to reduce atmospheric CO2 concentrations. Carbon capture and storage (CCS) offers a means of reducing pollution from coal-fired power generation.

Industrial Transformation evaluates the effectiveness of twelve innovative, voluntary, collaborative, and information-based programs, focusing particularly on the effectiveness of these programs in bringing about industrial transformation — changes in production and consumption structures that will help move their societies toward environmental sustainability.

"In short, energy is the most difficult part of the environment problem, and environment is the most difficult part of the energy problem."