Environmental markets come in many shapes and sizes, but not all live up to expectations. From wetland-mitigation banking that shows promise in reducing costs of conservation to carbon offsets that can backfire and increase emissions, this session highlights lessons learned. Successful markets leverage gains from trade in ways that lower costs and improve environmental outcomes, or both.
Moderator: Joshua Rauh, Hoover Institution
Panelists:
– Will Rafey, UCLA
– Jonathan Colmer, University of Virginia
ABOUT THE EVENT
On May 13, 2025, the Hoover Institution held its third annual one-day conference Markets vs. Mandates: Promoting Environmental Quality and Economic Prosperity. As in previous years, the conference fosters discussion and debate on how markets and regulatory frameworks best govern environmental concerns while also promoting economic growth and safeguarding individual freedom. This year’s conference focused on “Policy Considerations for the New Administration.” Academic experts joined practitioners to cover a range of topics including climate adaptation, tribal energy sovereignty, public lands, and barriers to decarbonization.
Learn more about Markets vs. Mandates: https://www.hoover.org/research-teams/markets-vs-mandates
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