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New Energy Finance
$1 trillion US carbon trading market by 2020: study
March 1st, 2008
The United States will be home to a $1 trillion carbon emission market by 2020 if federal and state policymakers continue on their current path towards a comprehensive "cap-and-trade" program that is confined to domestic trading only. In an analysis of bills today before the U.S. Congress, New Carbon Finance research economists based in New York, Washington D.C. and London, U.K. predict that in 12 years a carbon-constrained U.S. economy that includes a cap-and-trade system allowing only domestic trades will produce: A $1 trillion carbon trading market -- more than twice the size of the European Union's Emissions Trading Scheme; A carbon price of $40 per tonne as soon as...
Source: Law & Health Weekly (2008-03-01)
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