Political will for Climate actions lacking
Speaker says let China serve as example

 
During one of Dr. Richard Sandor's recent visits to China, he delivered a university lecture in which he described the fundamentals of cap and trade to the students. Midway through his remarks, another professor informed him that he was practically "talking down" to the audience members. He raised the level of discourse in response to the students' sophisticated questions and, at a recent Columbus Council on World Affairs symposium, Sandor remarked that the students' in-depth knowledge of green trading concepts is surely a sign of China's commitment to improving their environmental record. He said China's progress in this regard can serve as an example to the United States and the rest

Dr. Richard Sandor at September event.

of the world.

For those less familiar with the workings of the green trading approach, he presented the basics: Cap and trade incentivizes corporations to reduce harmful emissions in exchange for a financial gain. The government places a "cap" on the total amount of harmful pollutants emitted and corporations can buy their rights to emit these pollutants. Corporations may lower their emissions and then trade extra rights on the market. In essence, the corporations are paying to pollute and profiting from reducing emissions. Sandor discussed the ways that harmful emissions, such as sulfur, have been reduced through this model and how the same progress can be made with carbon emissions worldwide.

...read the full account of Dr. Sandor's remarks, by visiting our website. You may also view a video transcipt of the event.