|Sourced From |
Fearing another financial meltdown under a proposed multi-trillion-dollar greenhouse gas trading program, U.S. lawmakers are drafting legislation for strict regulation of the nascent market.
A cap-and-trade law would create a market–including for derivatives of emission allowances–for carbon emissions and would multiply trading opportunities for emitters, traders, brokers and investors
Rep. Greg Walden (R-Ore.) said many of the most exuberant, enthusiastic advocates of cap-and-trade are some of the same major institutional investors that were involved in the housing and commodity markets.
Sen. Maria Cantwell (D-Wash.) who chairs the Senate energy subcommittee, declined to give details but said she’s drafting legislation that would prevent manipulation or cash-rich market participants from cornering the market.
Related posts:
- US Lawmakers, Fearing CO2 Market Crisis, Drafting Tough Rules
- US traders cross Pond for carbon market work experience
- First US-Traded Investment Product Seeks to Capitalize on Growing Carbon Trading Market
- Barclays Capital Executes Forward Trade Agreement for US Carbon Markets
- New Fund Provides Exposure to Carbon Market