Understanding Carbon Markets

The Senate debates carbon cap-and-trade legislation this week, but much of America still doesn't know exactly what capping and trading carbon dioxide emissions actually means or how it would work. Economist Graciela Chichilnisky was at the table when the United Nations included such a system in the Kyoto Protocol. She'll join us on the program to explain it and explain why she believes a system like this could transform capitalism as we know it. Many companies are already capping and trading carbon emissions on a voluntary basis. We'll also talk to the director of a Cleveland-based non-profit that is buying up and retiring carbon credits that are being issued by companies such as Dow Corning and Dupont.Graciela Chichilnisky, UNESCO Professor of Mathematics and Economics, Columbia University
Michael Short, Executive Director, Clean Air Conservancy