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In this week’s episode, host Daniel Raimi talks with Stefano De Clara, head of secretariat at the International Carbon Action Partnership, about the development of carbon markets around the world. Carbon markets, which also are known as “emissions trading systems,” are market-based policies that set a cap on total emissions and issue a limited number of emissions permits that emitters then can trade within the market. De Clara discusses carbon markets in Europe, China, India, Nigeria, and the United States; the growth of voluntary carbon markets; and policy developments to watch in the near future.

References and recommendations:

“Emissions Trading Worldwide: 2023 International Carbon Action Partnership Status Report” from the International Carbon Action Partnership; https://icapcarbonaction.com/en/publications/emissions-trading-worldwide-2023-icap-status-report

“The New Map: Energy, Climate, and the Clash of Nations” by Daniel Yergin; https://www.danielyergin.com/books/thenewmap

“The Ministry for the Future” by Kim Stanley Robinson; https://www.hachettebookgroup.com/titles/kim-stanley-robinson/the-ministry-for-the-future/9780316300162/

“Facing Fears and Imagining Innovation for Climate Change, with Kim Stanley Robinson; https://www.resources.org/resources-radio/facing-fears-and-imagining-innovation-for-climate-change-with-kim-stanley-robinson/

A Whirlwind Tour of Global Carbon Markets, with Stefano De Clara

A new analysis finds that regulations to reduce emissions from each power plant and install sector-specific pollution limits would provide more benefits to disadvantaged communities than the policy Gov. Kathy Hochul’s administration is considering. The analysis by Resources for the Future and the New York City Environmental Justice Alliance focuses on potential designs of a cap-and-trade style program being developed by Hochul’s administration.  Molly Robertson of Resources for the Future talks with Mark Dunlea of Hudson Mohawk Magazine.

Climate Groups Study Of Hochul's Cap - And - Invest Proposal

In this week’s episode, host Daniel Raimi talks with Stefano De Clara, head of secretariat at the International Carbon Action Partnership, about the continued development of emissions trading systems around the world in 2024. Emissions trading systems (ETSs) are market-based policies that set a cap on total greenhouse gas emissions or on a ratio of emissions to output (e.g., of generated electricity or manufactured steel). A limited number of emissions permits are auctioned or distributed in carbon markets, and emitters can then trade these permits within the market. De Clara discusses global trends in the development of carbon markets and trading systems, including innovative policy designs, and highlights emissions trading systems in the European Union, China, Latin America, Indonesia, and Canada.

References and recommendations:

“Emissions Trading Worldwide: 2024 ICAP Status Report” from the International Carbon Action Partnership; https://icapcarbonaction.com/en/publications/emissions-trading-worldwide-2024-icap-status-report

“Silent Spring” by Rachel Carson; https://www.rachelcarson.org/silent-spring

Unpacking the Growth in Global Carbon Markets, with Stefano De Clara

Sadly we've run out of space to place episodes here but you can check out all 28 and counting episodes of our podcast on Spotify, Apple Podcasts, https://www.sierraclub.ca, IHeart Radio, the Harbinger Media Network or wherever you get your podcasts. This podcast also airs on CKUT Broadcast Radio in Montreal (90.3 FM) biweekly on Tuesdays at 11am Eastern Time and on CHMA radio in Sackville New Brunswick on Saturdays at 11am Atlantic Daylight Time.  Don't forget to click follow or subscribe on one of the other platforms so you get the latest episodes from us!

The Environment in Canada Podcast

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In this week’s episode, host Kristin Hayes talks with Jesse Buchsbaum, a new research fellow at Resources for the Future, about how consumers respond to changes in electricity prices. Buchsbaum discusses the responsiveness of electricity consumers to prices in the short and long term, the role of pricing in driving long-term changes in consumption habits and investments in electric appliances, the importance of pricing for effective policymaking, and differences in the sensitivity of consumers to price changes depending on income.

References and recommendations:

“Are consumers more responsive to prices in the long run? Evidence from electricity markets” by Jesse Buchsbaum; https://jesse-buchsbaum.com/files/job_market_paper.pdf

“How Long ’Til Black Future Month?” by N. K. Jemisin; https://www.hachettebookgroup.com/titles/n-k-jemisin/how-long-til-black-future-month/9780316491341/

“The Fifth Season” by N. K. Jemisin; https://www.hachettebookgroup.com/titles/n-k-jemisin/the-fifth-season/9780316229296/

“Poverty, by America” by Matthew Desmond; https://www.penguinrandomhouse.com/books/675683/poverty-by-america-by-matthew-desmond/

How Consumers Respond to Electricity Prices, with Jesse Buchsbaum

In Tuesday's State of the State, Governor Hochul announced that she was further delaying implementation of her cap-trade-and-invest program to put a price on greenhouse gas emissions. Caroline Chen of New York Lawyers for the Public Interest talks to Mark Dunlea of Hudson Mohawk Magazine why this is bad news for environmental justice.

NYLPI On Environmental Justice In State Of The State

In this week’s episode, host Kristin Hayes talks with Aaron Cosbey, a senior associate at the International Institute for Sustainable Development, about the future of climate policy in Canada. The newly elected leader of Canada’s Liberal Party, Mark Carney, has replaced Justin Trudeau as prime minister and likely will face Pierre Poilievre, the leader of Canada’s Conservative Party, in a general election. Cosbey discusses the consequences of these election outcomes for a controversial policy that taxes Canadians for consuming fossil fuels—though this policy also issues rebates of equivalent value, or more, to most Canadians. Cosbey also discusses how the Liberal and Conservative Parties differ in their views on carbon pricing, why the fuel tax on consumers is no longer politically viable, and what emissions-reduction policies Carney may support if the Liberal Party wins a general election.

References and recommendations:

“The New Abolitionism” by Chris Hayes; https://www.thenation.com/article/archive/new-abolitionism/

The End of Canada’s Carbon Price?, with Aaron Cosbey

In this week’s episode, host Kristin Hayes talks with Danny Richter, director of the Pricing Carbon Initiative, about the existing suite of carbon pricing policies, a set of climate policy tools designed to reduce carbon dioxide emissions by requiring companies and other entities to pay for each ton of carbon dioxide they release into the atmosphere. Richter evaluates the international and domestic approaches to carbon pricing policies, explaining their history, uptake, and longevity. Richter highlights the flexibility of carbon pricing programs—which allows policymakers to tailor the sources and investment of revenues from carbon pricing to their unique policy priorities—as key to the long-term success of these programs. Richter then outlines shifting attitudes toward carbon pricing in the United States, highlighting how successful cap-and-invest initiatives emphasize the economic advantages of these policies while delivering climate benefits.

References and recommendations:

Pricing Carbon Initiative; https://pricingcarbon.org/

“Fourth Generation Carbon Prices” by Danny Richter; https://pricingcarbon.org/2024/11/fourth-generation-carbon-prices/

“Reserved: Carbon Pricing and the Dollar’s Special Status” by Danny Richter; https://pricingcarbon.org/2025/04/reserved-carbon-pricing-and-the-dollars-special-status/

Carbon Pricing Dashboard from the World Bank; https://carbonpricingdashboard.worldbank.org/

“How Carbon Border Adjustments Might Drive Global Climate Policy Momentum” by Kimberly Clausing, Milan Elkerbout, Katarina Nehrkorn, and Catherine Wolfram; https://www.rff.org/publications/reports/how-carbon-border-adjustments-might-drive-global-climate-policy-momentum/

“Our Dollar, Your Problem” by Kenneth Rogoff; https://yalebooks.yale.edu/book/9780300275315/our-dollar-your-problem/

Carbon Pricing Is Dead. Long Live Carbon Pricing!, with Danny Richter

Hudson Mohawk Magazine is a local volunteer-produced news hour that provides sanctuary for the discussion of a wide range of topics, scaling from the global to the hyper-local. The show is broadcasted from The Sanctuary for Independent Media on WOOC 105.3 FM.

Thanks to listeners like you, the Sanctuary is able to use art and participatory action to promote social and environmental justice and freedom of creative expression.

Resources Radio is a weekly podcast by Resources for the Future. Each week we talk to leading experts about climate change, electricity, ecosystems, and more, making the latest research accessible to everyone.

New tracks tagged #carbon pricing