Carbon Finance

Really enjoyed the book. Was interesting, well composed, and was a useful source in gaining a comprehensive understanding of complex environmental finance mechanisms. I would definitely recommend it !!!!

The book is an acknowledgement of how environmental concerns, and specifically global warming, are approaching mainstream. Labatt and White give a sober summary of various types of energy sources, nonrenewable and renewable. With the pros and cons of each. Aside from these energy sources, they also discuss how to perhaps sequester carbon. That is, remove what is usually carbon dioxide emissions from the environment. One promising idea is to inject it into deep oil and gas fields. In part, this is helped by the fact that it is already being done. Albeit to improve extraction of the oil and gas. The text also explains how aviation is a huge source of CO2 emissions. Something not originally considered significant, just a few years ago. The book also goes into ways to do emissions trading. Big problems still exist, including verification of emissions. There is no mention of some pioneering work in the early 90s in Southern California, with the Air Quality Management District, and an exchange called Buenos Aires [sic]. Various trading mechanisms have started up. But nothing yet with a large global scope.