U.S. Companies Explore Ways to Profit From Trading Credits to Emit Carbon

For now, trading in the United States is voluntary: 225 companies that have made promises to reduce greenhouse gases by 6 percent by 2010 are trading carbon credits on the Chicago Climate Exchange. Prices for the credits started around 90 cents per ton of carbon when the exchange was established in 2002; they now trade around $4.

Published: 30-Dec-2006

While the trading of credits to emit carbon is under way in bits and pieces and California has moved to cap its production of greenhouse gases, no one expects nationally imposed limits to go into effect in the United States soon. Most experts see 2010 as the earliest possible date.

Even so, a rapidly growing number of American companies are preparing for what they think will be a booming market after rules are approved.

"The U.S. market will be the mother lode of carbon trading, so we want to start setting up our brand now," said Marc Stuart, director of new business development at EcoSecurities.


A study of Europe's car producers found that the industry managed to cut the CO2 output of new cars by 1 per cent last year - less than a quarter of the rate required to meet its own promise to cut emissions by 25 per cent in a decade. PHOTO: 2006 Ford Galaxy European minivan.

A national Low Carbon Fuel Standard would reduce greenhouse gas emissions and America's dependence on foreign oil without requiring new government spending.


blog comments powered by Disqus