Scientists have been trying to stash carbon emissions in rocks, soil and trees to slow the effects of climate change. Now an economics professor wants to trap carbon dioxide in the financial markets.


Michael Greenstone’s

plan takes advantage of the current cap-and-trade system around carbon emissions. It creates a secondary marketplace that allows organizations to offset their carbon emissions with pollution permits. The hope is that this would effectively reduce emissions and redirect capital to environmentally focused startups.

‘We have seen time and time again that markets can be such powerful forces for solving social problems.’

— Prof. Michael Greenstone

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