E&E News: “New International Coalition Aims to Strengthen Carbon Markets”
RFF Fellow Milan Elkerbout and Board Member Catherine Wolfram are quoted in this article about the feasibility of international carbon markets.
“The 18-governments agreement pushes carbon pricing into a global spotlight, said Catherine Wolfram, an energy economics professor at the Massachusetts Institute of Technology business school.
‘It reminds us in the US that carbon pricing is not dead. In fact, it’s alive and well,’ Wolfram said. The new coalition ‘centers carbon pricing in a way that we haven’t seen’ since the 2015 Paris climate agreement, when 196 parties pledged to take action to limit global temperature rise...
Brazil’s leadership is helpful in spurring more interest in carbon markets, said Milan Elkerbout, director of the International Climate Policy Initiative at Resources for the Future.
‘Brazil is a country that can act as a bridge between different parts of the world: industrialized vs developing + other emerging economies,’ Elkerbout said in a text message.
It’s also a fossil fuel producer, Elkerbout added, and a rising power that’s feeling climate impacts such as droughts and wildfires.”
