Dive into the regulatory and private sector-driven carbon market systems in the U.S. Explore the life cycle of carbon credits, key legal considerations, and the roles of various participants in verified carbon markets. Discover the complexities of trading, tracking, and utilizing carbon credits in the commercial landscape.
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Presentation Transcript
Commercial Law Aspects of U.S. Carbon Credit Markets Christopher K. Odinet Professor of Law & Mosbacher Research Fellow Texas A&M University
Regulatory Carbon Markets in the US Two programs: California Cap & Trade Program Regional Greenhouse Gas Initiative Government-Mandated Credits are offsets against emissions compliance obligations of industry Credits do not constitute property rights Trading and tracking occurs through centralized regulatory registry
Verified Carbon Markets in the US Private Sector-Initiated Key Participants: Project Developers Independent Carbon Credit Programs Validation/Verification Bodies Registries Financial Intermediaries/Institutions End Users
Life Cycle of Carbon Credits Project Design & Validation Monitoring & Verification Credit Issuance & Registration Market Transactions Credit Retirement
Key Legal Considerations A. Legal Nature of VCCs B. Transfer of Ownership of VCCs C. Use of VCCs as Collateral D. Applicable Law
