Environmental Markets: The Nexus of Business, Regulation, and Sustainability

Instructor: Richard Weihe

Fulfills requirement: Environmental Policy, Management,
and Finance (EPMF) OR Tools (T)
Day: Thursday
Dates: Oct. 11, 18, 25, Nov. 1, 8 (Module 2, 5 sessions)
Time: 6:30 – 8:30 PM
Room location: Schermerhorn Extension 652
Course number: ENVB 0373 N

Course Description

Environmental markets, such as cap and trade applications, have been used to efficiently address pollution since the Clean Air Act amendments in 1990. Since the advent of the cap and trade Acid Rain Program (ARP), a wide variety of environmental markets have resulted in order to address air quality, climate change, water pollution, endangered species, and renewable power and fuels mandates. This course reviews the regulatory, political, and business contexts of today’s environmental markets, using real world examples and actual case studies. While the course will review historic and current CO2-related markets addressing climate change, it will also survey a variety of other markets, both in the United States and internationally.

The course covers the potential benefits and limitations in addressing environmental problems and corporate sustainability objectives through such market mechanisms. Learn the history of the development of environmental markets and how they are used to solve environmental problems. Topics include CO2 cap and trade, renewable portfolio standard (RPS) markets used to spur wind and solar development, air pollution reduction schemes, wetlands and conservation banking, and water pollution programs.

About the Instructor

Rich Weihe has over twenty years of experience in the energy and environmental sectors in roles of investment management and advisory services, energy and environmental commodity trading, and environmental management consulting. At Karbone, he overseas the firm’s practices in capital advisory services and spearheads new business segment initiatives.  Prior to Karbone, Rich was a senior investment analyst with RNK Capital where he originated and directed investment analysis on private equity and project-related energy and environmental credit transactions associated with solar, wind, geothermal, biogas, and biofuels-related technologies. Prior to RNK Capital, Rich held a variety of commercial and management positions in the energy and environmental risk management sectors. Rich began his career at AECOM, where he managed water resource and environmental projects in the energy and waste management sectors.   He holds an MBA from Northwestern University, an MS in geosciences from Ohio State University, and a BA in geosciences from Denison University.