Contracting for the Environment | Markets vs. Mandates

Chair: Dominic Parker, U. of Wisconsin and Hoover Institution
Panelists: James Salzman, UCSB/UCLA and Bård Harsted, Stanford University
Markets in which NGOs, corporations, and governments pay private parties to generate or safeguard environmental outcomes have blossomed in recent years establishing new contractual incentives to manage forests for carbon sequestration and keep fossil fuels in the ground. How well can voluntary agreements perform when compared to top-down government regulation? What barriers prevent more widespread use of markets?
For more information: www.hoover.org/events/markets...