Richard Saines, Climate Change & Environmental Markets, Baker & McKenzie LLP
As cap-and-trade legislation is working its way through the U.S. Congress, maintaining the legislation's underlying environmental credibility while mitigating unreasonable economic hardships will be essential for a successful outcome. The use of offsets (i.e., project based greenhouse gas emission reductions from non-capped sources) will play a central role in achieving these dual objectives as part of the overall legislative scheme.
You will hear details of how offsets are contemplated to be used within the U.S. legislative scheme; explore their history and future in international climate change policy; and how they are likely to effect your business and industry.