Sao Paulo, Brazil, has recently brokered the first regulated stock sale of carbon credits, collecting more than $18 million in exchange for credits covering nearly 1 million tons of carbon emissions. This may lay the foundation for a carbon market.
"Brazil's largest city sold millions of dollars worth of carbon credits at an auction Wednesday in a deal that experts said paves the way for developing countries to make money fighting global warming."
"Brazil's Mercantile and Futures Exchange called Sao Paulo's sale of $18.5 million in carbon credits to Dutch-Belgian Fortis Bank the first such sale to be held on a regulated stock market and a significant step toward institutionalizing the carbon market."
"Fortis Bank beat out 13 competing bids to win the rights to emit 808,450 metric tons (891,163 U.S. tons) of carbon dioxide with an offer of $22.90 per metric ton, the exchange said in statement."
"The World Bank says the global carbon market -- where government and industry limits on carbon dioxide emissions are traded like credits -- tripled from $7.9 billion in 2005 to $24.4 billion last year."
Read the full story: Brazil Claims First With Carbon Auction
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
The state-sanctioned urbicide of Austin
People don’t kill cities. Freeways do.
US to reduce Colorado River water deliveries to Mexico
A new Colorado Treaty amendment reduces Mexico’s Colorado River water allocation by 250,000 acre feet.
Nation's most wind-powered state turns to coal as data centers increase energy demand
For the first time in decades, Iowa has increased its generation of coal power.
NYC cools commuters with city's first rain garden above a bus stop
New York City officials say the plants in the rain garden can absorb 16 gallons of rainwater during heavy storms.
Brightline West’s future may rely on $6 billion federal loan
The company has until Nov. 2 to make a $400 million equity investment into its proposed high-speed rail line.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
Greater Baltimore Committee
Eagle County Government
Harvard University Graduate School of Design
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello
Journal of the American Planning Association