June 3, 2008

Carbon Market: The good, the bad and the money

After finding some of the pros and cons of cap and trade carbon schemes in the US, several studies were recently published on the carbon market's global bottomline: How much should energy-intensive industries pay for compliance?

According to market analyst Point Carbon, global carbon markets could be worth almost 2 trillion (USD $3.1 trillion), with total transaction volume forecast at 38 billion tonnes carbon dioxide equivalent (Gt CO2e) per year by 2020.

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