EMISSIONS TRADING: BOOM? WASTE?
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Submitted by New Energy News Blog
A new study by emissions markets experts Point Carbon makes a pair of interesting and probably valid assumptions: (1) The U.S. will have joined an international cap-and-trade scheme by 2020, and, (2) the EU will have established a 25% emissions cut goal which includes the aviation industries.
Based on these assumptions, Point Carbon expects the global emissions markets to be worth 2 trillion euros by 2020. (That’s $3.1 trillion.)
Meanwhile, weaknesses have been and continue to be exploited in the process by which projects are identified and approved as emissions offsets and win investment from Kyoto Mechanism-enrolled nations.
