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Technology & Innovation

Building a Carbon Market

“What does it take to trade in a commodity that cannot be seen or touched—and isn’t even a commodity in the United States?” Scientific American reports on traders in the global carbon market.

“[The carbon market] is possibly the newest market in the world, a would-be global attempt to create a trade in the greenhouse gas emissions from any nation’s fleet of cars, household refrigerators, electric power plants, factories, even farms. It’s an attempt to peel back the smothering blanket of global warming by giving people a financial incentive to reduce emissions under an economic concept known as cap and trade. … The effort to create a national market for such CO2 emissions received a serious blow when the U.S. Senate abandoned the effort to pass a climate bill this summer. But worldwide markets are growing…”

This essay describes a model for urban development that takes into account and makes use of the externalities that exist in the built environment. Buildings and the people that inhabitat them makes neighborhoods and vice versa the value of a building is in its locations. How can better frame this relationship between an object and its environment? How can develop strategies for a integral area development that learn from the best global examples?

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