The Environmental Markets class will explore the evolving markets in environmental amenities, particularly using carbon trading as an example. We will study how some of these markets work, and the legal regulatory environment that surrounds them. Particular attention will be paid to the law concerning these environmental markets emerging in US systems. Markets examined include wetlands mitigation, water pollution trading, habitat conservation plan banking, renewable energy credits, and greenhouse gas reduction markets. We will also examine how these markets interact. In this class, the student will learn how current environmental law authorizes environmental markets, how environmental markets work, why they are used, and potential problems. The student will also be given instruction on drafting of contracts for environmental amenities for buying, selling, and trading.
Grades will be based on end of term project paper (15 + pages) – 45%; a contract drafting exercise concerning an environmental amenity - 25%; a take-home quiz early in the semester- 10%; and two short summary pieces (2-3 pages) analyzing assigned reading and possible issues in law and policy – 10% each. The summary pieces and discussion of them will be used to provide ideas for the end-of-term papers. These papers should identify issues in law and policy for an environmental amenity market and analyze how a particular system would or could address the problem. Students may consult with each other on project ideas, and up to three can work on a project together.
Current & Previous Instructors:
|This course is not currently scheduled.|