By Sara Gilbert Frederick
June 26 was an important day for global carbon markets — and for Dr. M. Anaam Hashmi, a professor of international business at Minnesota State University, Mankato.
Hashmi, who has been interested in global carbon markets for several years, had been paying close attention to the deliberations in the U.S. Congress all spring and summer. He had been watching as the American Clean Energy and Security Act of 2009 was introduced in the House by Representatives Edward Markey (D-Massachusetts) and Henry Waxman (D-California). And he was watching on June 26, when the bill passed in the House of Representatives and moved into the U.S. Senate for discussion.
“This piece of legislation includes a possible cap-and-trade program to further limit the greenhouse gas emissions,” Hashmi says, explaining that the bill would cap greenhouse gas emissions at 17 percent of 2005 levels by 2020, and at roughly 80 percent of those levels by 2050. “The citizens of the world and all small and large corporations will be directly affected by these legislative initiatives in the United States and around the world.”
Hashmi’s interest in this legislation and its impact began a few years ago, when he published several papers focused on the development of a global carbon market. Then, in March 2008, he attended a Global Market Insight conference in Copenhagen, Denmark. “I got passionately involved in this topic,” he says. “I am still interested in this topic and keenly following the developments in the U.S. Congress.”
That intense interest helped spur the publication of “A Complete Guide to the Global Carbon Market,” which Hashmi wrote as an overview of the key concepts and developments of the global carbon market. His goal was to provide an easy-to-read introduction to the concepts for business professionals, college students and civil leaders — whether or not they are already familiar with global carbon markets.
“This book is suitable for readers with or without prior knowledge and background of the global carbon market,” Hashmi says. “I have provided suggestions on career opportunities, and the certification process is explained in a jargon-free style. This book offers tools to better understand the current and future trends of the global carbon market.”
For more information about the book or how to get a copy, contact Dr. Hashmi at m.hashmi@mnsu.edu.
