What role will carbon markets play as the United States recovers from the global economic downturn? How can the United States successfully integrate a cap-and-trade system without burdening taxpayers? During today's OnPoint, Abyd Karmali, managing director of carbon markets at Merrill Lynch and president of the Carbon Markets & Investors Association, discusses the future of carbon markets as the United States seeks to implement a cap-and-trade program. He gives his take on the Waxman-Markey climate and energy draft. Karmali also explains whether a Pan-American carbon market could be beneficial to reducing emissions from manufacturing and trade.
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