In fact, Michael Wara of Stanford University calculates that the credits from cleaning up refrigerant production are twice as valuable as the refrigerants themselves.
But in the meantime, there is evidence that factories are ramping up production of HFC-22 in order to boost emissions of HFC-23, so that they can make windfall profits from cutting back on HFC-23 later and selling the emission-reduction credits, says Michael Wara of Stanford University.
Stanford professor Michael Spence, Nobel laureate in economics, and Shaun Rein, founder and managing director of China Market Research Group (CMR), both told me that China might very well exceed Japan to become the second-largest consumer market in the world.
Two university individuals, Henry McKinnel, chairman of the Advisory Council at Stanford's graduate school of business, and Michael Boskin, an economics professor at Stanford, sit on the oil company's board.
Stanford's Michael McCaffery left after failing to persuade the university to let him manage private money alongside the endowment.
ECONOMIST: What makes America's colleges such clever investors?
Stanford library director Michael Keller says the librarians determined which books to keep on the shelf by looking at how frequently a book was checked out.
The Singularity Institute is comprised of scientists, philosophers and philanthropists from places such as the Research Triangle and Silicon Valley, and universities such as Harvard and Stanford, said Michael Anissimov, media director at The Singularity Institute.
Harvard economist Martin Feldstein, Stanford University's Michael Boskin and Lindsey are mentioned as possible Bush picks.
When Michael Dillingham, another researcher at Stanford who is also a doctor for the San Francisco 49ers, an American football team, heard about the device, he wondered if it could be put into reverse to help prevent overheating in athletes.
Experiments by Michael Morris, an academic at Stanford Business School, and a group of colleagues have now demonstrated what many people instinctively suspect: negotiations are more likely to go well if they are conducted, at least in part, face to face, rather than between strangers armed with keyboards and screens.
Generous compensation plans and perks might be put in place because buyout firms need to maintain good relationships with corporate managers, who choose which firm will take them private and then eventually public again, says Michael Klausner, Nancy and Charles Munger professor of business and professor of Law at Stanford University.
One Houston estate agent and financial adviser, Michael Harrington, told the BBC that he had been encouraging his clients to invest with the Stanford group, and he feared some would have lost a lot of money.
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