Posted on 03/14/2007 12:24:56 PM PDT by Shermy
Financial services firm Cantor Fitzgerald has merged its previously separate U.S. pollutant brokerage with its carbon brokering business to try and cash in on expected expansion in U.S. carbon markets.
Cantor wants to put to work in emerging carbon markets its U.S. environmental brokerage, which until now has focused on markets in pollutants like sulphur and nitrous dioxide.
To do this it has merged the U.S. pollutants brokerage with its carbon brokerage Co2e, based in London, into a single business CantorCO2e. ...
A power shift in the U.S. Congress last autumn has raised hopes for a federal U.S. carbon market, accounting for a surge of interest among U.S. investors.
In Europe there's a similar view that carbon trading could present a longterm market.
Morgan Stanley (down $2.67 to $73.39, Charts) and RNK Capital have completed the first deal to trade European Union carbon emissions permits for delivery after 2012, hinting at growing confidence that carbon markets are here to stay.
The Kyoto Protocol on global warming has kick-started trade in carbon emissions permits by setting rich countries limits on their emissions of greenhouse gases, but allowing them to buy permits from poor countries to meet these goals.
Kyoto targets expire in 2012, but recent moves for example by the European Union to set a unilateral emissions target to 2020 is giving investors confidence that there will be long-term demand for permits.
The next phase of the EU scheme also ends in 2012.
"This trade is a clear indication of our confidence in the political will of European governments to continue to build on the success of the EU emissions trading scheme," said Morgan Stanley's Imtiaz Ahmad on Tuesday.
...
(Excerpt) Read more at money.cnn.com ...
I've heard this nonsense compared to the pet rock for people who didn't want the responsibilities of having a dog.
Would we have to pretend that we are liberals? Would the website have Kerry/Edwards banners on it? I might not be able to pull that off... ;-)
So, if carbon trading is going to get huge, wouldn't that also neccessarily mean that the developed nations will have to purchase unused 'carbon credits' from under developed nations? And, wouldn't that also mean if would be in the best interest of heavy carbon users to make sure there are undeveloped, low carbon using nations?
Sounds rather Enron-ish to me.
E2007. If someone would be kind enough to photoshop the correct logo?
What we need is someone to understand the idea of carbon sequestration in terms of units of pollutant exchange. That could mean polluter investment in fuel load reductions and thinning to create healthy forests. Couple that with investements in biomass utilization to produce clean electrictity or cellulose processes to create fuels. This would reduce the air pollution from wildfire, use healthy thinned forests to convert carbon and produce another renewable fuel source. The reductions could offset other industries that produce carbon.
(Shhhh..... let's file a quit-claim on any voting dead Democrats' carbon credits - we can get filthy and rich by selling them to Al!)
A sure sign there is a tremendous amount of money to be made here!
The 20% or so that voted for Kerry are sure to fall for it.
Carbon credit trading rewards countries for not producing anything. The easiest and most basic transaction involves paying some 3rd world potentate for not developing his country, or buying up some swath of 3rd world forest and placing it off-limits to development even by the people who live there.
Traditional colonialism involved relatively advanced countries taking control of relatively primitive ones in order to develop them. This Goresian scheme is a most perverse kind of colonialism, in which 1st world men in suits take control of the 3rd world in order to prevent its development.
Hey, I just built a house and am going to plant carbon-absorbing grass, trees and bushes (and tomatoes) where there were only a few tumbleweeds before. Can I sell my "carbon credits" to Al Gore or some big Hollywood Carbonizer? How does this work?
Don't laugh at this foolishness. One day the dems will try to make this into a law.
Read my mind....................
I prefer the tulips - at least you're left with some pretty flowers after the market crashes.
Just start selling C3PO Credits on DU!!
"I am very proud to have the opportunity to address the first development conference of the ITU because the President of the United States and I believe that an essential prerequisite to sustainable development, for all members of the human family, is the creation of this network of networks. To accomplish this purpose, legislators, regulators, and businesspeople must do this: build and operate a Global Information Infrastructure. This GII will circle the globe with information superhighways on which all people can travel.
These highways--or, more accurately, networks of distributed intelligence--will allow us to share information, to connect, and to communicate as a global community. From these connections we will derive robust and sustainable economic progress, strong democracies, better solutions to global and local environmental challenges, improved health care, and--ultimately--a greater sense of shared stewardship of our small planet."
Now, couldn't one say with reason substantial economic growth in regions not normally accustomed would increasingly strain world resources PLUS ADD additional tons of carbon to the atmosphere?
If I'm correct in my presumption, Al Gore could be blamed for the primitive villager's increased carbon output because Gore's GII enabled the villager's economy to expand faster than Earth's resources and man's technology could compensate.
So, Al, your "carbon credits" were used up by a villager in the remote regions of Wherever. It's no small wonder you're encircling the globe looking for lost credits...
I'm hoping that industries will be encouraged to assist in financing the real management of healthy Forests, fuel reduction near Forest dependent communities and investment in small biomass plants right here in N. CA and the Pacific Northwest. Congress sure doesn't seem to be willing to fund management of federal Forests. This would be far better than having the federal lands burn.
Sure, if Jim Robinson wants to run the "carbon trading" website that's fine with me!! Somehow I don't think he would want to be associated with such a shady Albore-inspired scam...... nor would I...... :^)
Still, someone ought to start putting up mock websites showing what Albore is accomplishing (sic) for the planet.
This may be more fun than BreX. Wonder if anyone will get tossed from a helicopter...
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