The prospect of a U.S. carbon tax being enacted is already impacting business decisions, according to new research by the Federal Reserve Bank of San Francisco. Researchers found that a 10% chance of the U.S. government adopting a $45-per-ton carbon tax in the next year prompts one-tenth of the emissions reductions the bank would expect to see if the carbon fee were enacted, reports say.
OMA Connections Partner Jones Day says there is growing interest in carbon markets, in which emission credits are purchased and sold — and derivatives on those credits are traded. Learn more. 6/23/2021