Carbon trading in the USA: Lieberman-Warner and the economics of CO2 emissions reduction
Although , the American version of carbon economics is beginning to come to light. Although the bill , speculations on Capitol Hill are bleak, and the bill will be vetoed by President Bush in its present form.
The first economic provision worth looking at is the proposed “Boxer Amendment”, which would .
This could conceivably create an economic loophole allowing speculators to drive up prices and cash in on their credit pool. With $6.5 trillion in carbon emissions trading at stake, the fine print will become quite important as newer versions of the bill evolve.
Meanwhile, on the international front, Al Gore’s Generation Investment Management now holds . As Camco is a company that develops green projects in order to ultimately trade carbon credits, Gore’s influence will ultimately make major ripples in the American market.
The struggle for comprehensive carbon emissions reform is officially underway, now that the United States has realized the incredibly lucrative potential of the carbon market.
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