Carbon trading could rise if U.S. adopts rules

Market Watch ^ | Dec. 7, 2009 | By Kim Hjelmgaard

[PMAS]

COPENHAGEN (MarketWatch) -- The value of the global carbon trading market could rise from roughly $118 billion in 2008 to nearly $2 trillion by 2020, although it currently remains frozen in the headlights pending safe passage of U.S. emissions trading legislation.

"The biggest missing piece from the [Copenhagen] policy equation is the U.S. emissions trading law," said Dirk Forrister, managing director of Natural Source Asset Management, in an interview. "The high-growth scenarios for the carbon market [will] only occur when the Senate acts and a U.S. law is adopted."

[Eric in the Ozarks]

Needs to be stopped.

[cripplecreek]

All that needs to be said about carbon trading and the scum who engage in it.

“Once you price CO2 and put a price on it, you find, as you would with any other product, it tends to be rationed. We as a people on this planet have lived under the false concept that air and water were free. And we’ve learned with a planet of 7 billion people, that we have to ration these precious goods. And the good old price system is the best way to do it.”

Richard Sandor, father of the carbon trading scam.

[DManA]

If you put a gun to someone’s head, yea he’ll probably participate in this “market”. Take the gun away, phhhffft. Might be some kind of a market buy it sure as heck isn’t free.

[Kakaze]

"If you put a gun to someone’s head, yea he’ll probably participate in this “market”

No gun needed, Sen. Dick Lugar put 604 acres of black walnut trees on the Chicago Climate Exchange.

No gun to his head, just inside knowledge that this market is coming.

[steelyourfaith]

 

Beam me to Planet Gore !

[onyx]

Soros.

[DManA]

Ok, HALF the people in the “market” have guns to their heads.

[Wolfie]

No gun to his head, just inside knowledge that this market is coming.

And Goldman Sachs. They NEVER lose, and won't lose this time either.

[Nobel_1]

Ah yes, Soros made his first billions wrecking the British Pound ... and their economy.

[cripplecreek]

Makes me wonder how Much Lindsey Graham has invested. Arnold Schwarzenegger has grown pretty shrill about climate change recently as well.

[Kakaze]

I know, it makes me wonder about all of them.

Lugar could use subsidies from the farm bills he writes to plant the trees...........then register those trees ( which he has), and finally cast a vote to make it a mandatory market.

How to make millions on less than 200 grand a year as a senator.

[cripplecreek]

I’ve read somewhere that Illinois and a couple of other states also have taxpayer money invested in carbon trading.

[Thunder90]

What I have heard is that they will stick a 15% tax on any carbon trade made in the US. Also, the Federal Govt will sell the permits. Any other Wall Street trade will have a 7.5% trading tax on it. This is to pay for the Public Option healthcare takeover.

[OrioleFan]

So how do they package carbon dioxide and ship it to other parts of the world? If I were to buy a carbon credit, can I send some flatulance to France?