Customer Reviews

Voluntary Carbon Markets: An International Business Guide to What They Are and How They Work (Environmental Markets Insight Series)

5 star:		(4)
4 star:		(2)
3 star:		(1)
2 star:		(1)
1 star:		(0)

 

 

This book comes across as perfunctory and haphazard in its presentation and in the issues it chooses to highlight (quality issues, regulatory concerns, overlap with other emissions markets). Most of the essays are from start-up firms and independent consultants, who all have their own agendas and opinions, which end up giving the book an air of corporate bias. Most essays are rarely longer than two or three pages and feature little to no historical perspective or comparisons to other, established environmental markets. The book itself has only 120 pages worth of raw material; the rest is filler consisting of company descriptions and pithy emissions-reduction project descriptions which one can find anywhere.

Indeed, most of the information in this book can be gleaned from an hour or two surfing the internet at major carbon and "green" sites, as well as company webpages that specialize in carbon emission reductions.

The essays contain a significant amount of overlap and repetition, and none of them are in-depth enough (qualitatively or quantitatively) to offer true insight; none of the articles have raw numbers or charts about pricing and reductions taking place. To make matters worse, much of the material is already out of date, owing to the fast-growing nature of the voluntary carbon market.

Mark Trexler's two essays (about interactions with the renewable energy credit market and about quality control of voluntary credits) are among the best in the book, but why read them here when they are available for free on the internet?

The slapdash nature of the book and the superficial analysis make this book non-critical. I give this book two stars because it at least serves as some type of introduction to the field, though true experts will find nothing of value in the book.

As a final note, the foreword by Al Gore is short, fluffy and only tangentially refers to voluntary carbon markets at the very end. One would be better off reading his Nobel Prize acceptance speech, which is far more substantial.

Excellent primer on the evolving international and US carbon markets, and a vital read for those considering entry.

The most prominent thing about this book is of course the foreword by Al Gore. But whatever you might think of Gore's political views, the bulk of the text is a sober look at what it means to have a voluntary carbon market. As opposed to having government mandates.

Much of the book is uncertain. Not really about global warming per se. The book does not discuss significantly or really debate whether global warming is real. It is more or less taken as a given. Rather, the book's uncertainly revolves about what types of voluntary trading markets might arise. Voluntary because the US government has not made up its mind about federal requirements. Hence the biggest question is why should a US based company engage in such trading?

Candidly, and this will peeve some readers, it is mostly for public relations at this point in time. The book gives several reasons why it might be beneficial to trade. Like anticipating an eventual government edict about minimising pollution through such trades. So a far sighted multinational might venture a small gamble by engaging in some trades, and loudly touting its green credentials. The book does not come right out and say this. But a careful parsing suggests this view.

A good introduction to voluntary carbon markets in the US, available carbon brokers, and some of the strategies used by corporations to approach carbon neutrality through market-based means. This book is not a practical guide for carbon and emissions traders or project finance valuation personnel, but it does present basic market characteristics in a very easy and helpful manner. Please note the "markets" in the title - most of the solutions described in this book involve swapping reductions from a reducing entity to a company or individual who has not reduced themselves (i.e. this is not a book on how to reduce carbon footprint, satisfy George Monbiot's life goals, etc.)

Also included - decent introductions to the renewable energy markets, a comparison of legislative attempts at carbon reduction (e.g. RGGI, etc.), a listing of carbon brokers, and other current market information.

This book is dense and technical, yet worth the time of any reader with a serious interest in climate policy. Ricardo Bayon, Amanda Hawn and Katherine Hamilton do a good job of explaining how the carbon markets work and how they relate to other important markets, such as that for renewable energy certificates (RECs) in the U.S. They offer a sampling of expert opinions on the role and the future of these markets. The authors openly express their view that climate change is a reality and that the markets can help solve it. Yet, at the same time, they are dispassionate, reasonably objective and fair in their presentation of dissenting views. We recommend this book to corporate leaders who wish to become more socially responsible and to anyone interested in sustainable practices.

Good book to read on Voluntary Carbon.
Tells you the market drivers and competing issues in the voluntary carbon market.
Compiles views and opinions from various stakeholders in the last chapter.

Muy buen libro, vale la pena leerlo aunque recomiendo para los principiantes comenzar con uno más sencillo.

A finely crafted manual on the emerging voluntary carbon markets.
A perfect mix of information for both the technical and non-technical user.