$1 trillion US carbon trading market predicted
Bob Morris @ Feb 15th 2008 10:16 - Category: Climate change Tags: carbon trading
New Carbon Finance predicts the US carbon trading market could be worth $1 trillion by 2020, with carbon trading for $45 a ton by then, extrapolating from plans in Congress now. It trades at $10-20 a ton now.
If those proposed plans allowed trading with foreign carbon markets, then the price might only be $30 a ton, saving U.S. consumers billions. American exceptionalism, yet again, is proven to be a bad idea.
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