If carbon cap-and-trade becomes a reality, get ready for a potential multi-trillion dollar commodities market that could sprout up quickly, but not without growing pains.
“I’m estimating carbon markets could be worth $2 trillion in transaction value – money changing hands – within five years of trading (starting),” says Bart Chilton, a Commodity Futures Trading Commission (CFTC) commissioner, who's also chairman of its energy and environmental markets advisory committee. “That would make it the largest physically traded commodity in the US, surpassing even oil.”
US carbon markets are just getting started.
http://www.cnbc.com/id/32540966
1 comment:
The battle in the US Senate is about Cap&Trade. Cap&Trade is the main problem. We can easily agree on legislation which encourages investment in renewable energy with almost no fight at all. But Cap&Trade is the issue. Cap&Trade is a new tax system, just like income tax was introduced in the 1860’s to pay for the civil war, but it’s still here. Cap&Trade will be introduced to pay for ’saving the planet’, but in 100 years, long after the planet has been saved Cap&Trade will still be here. This is the same type of situation. The government pulled the wool over our eyes back in the 1860’s and they are about to do it again. And the foolish public is going along with it like sheep to slaughter. Unbelievable. Once Cap&Trade is established, it will be here forever. This is what the fight is over. Regular legislation which produces green jobs and green technology is easy, it’s Cap&Trade which is the problem. This is historic legislation, it's like the introduction of income tax all over again. The public has no clue just what Cap&Trade really means.
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