Carbon Markets: Merrill Lynch's Karmali discusses role of markets in economic recovery

What role will carbon markets play as the United States recovers from the global economic downturn? How can the United States successfully integrate a cap-and-trade system without burdening taxpayers? During today's OnPoint, Abyd Karmali, managing director of carbon markets at Merrill Lynch and president of the Carbon Markets & Investors Association, discusses the future of carbon markets as the United States seeks to implement a cap-and-trade program. He gives his take on the Waxman-Markey climate and energy draft. Karmali also explains whether a Pan-American carbon market could be beneficial to reducing emissions from manufacturing and trade.