The Future’s Bright for Carbon Trading
There has been a buzz in the markets about carbon investment for the past few years and the issue of whether or not to tax carbon emmissions is still in the news, as this month’s passing of the Australia’s Carbon Tax Bill shows. But what about the coming years, especially given the spectre of a second European recession? According to analysts the future is bright for carbon trading, as London Carbon Credit Company (http://www.londonccc.co.uk/) explains.
According to market analysts quoted in the New York Times News Service in recent weeks, carbon trading is very much still the hot topic. The recent legislative changes in Australia show that the idea of trading emissions remains attractive. Indeed, some estimates indicate that one-third of global emissions could be capped and traded by the end of the decade (current levels are at just six per cent). Wolfgang Sterk, policy analyst at Germany’s Wuppertal Institute was quoted as saying, “The carbon market is not dead…It is still seen by many as the most flexible way to cut emissions.”
If the United States began trading carbon it is thought that the market could grow to be worth $1 trillion by 2020, becoming the world’s largest commodity market. While there are no current plans for a nationwide carbon trading programme in the US, the good news is that California will begin it’s own programme in 2013 with carbon demanding far higher prices than in Europe. As for the rest of the world, regions that either already have carbon trading programmes or have legislation pending include the European Union, Japan, New Zealand, Switzerland, 20 US states and one Canadian province. Add to that South Korea and seven provinces of China currently in the set-up stage and Brazil, Chile, Colombia, Costa Rica, India, Indonesia, Jordan, Mexico, Morocco, South Africa, Thailand, Turkey, Ukraine and Vietnam all formally expressing interest in launching their own programmes and the future looks bright and global for carbon trading.
Find out how you can get involved in carbon credits and trading emmissions at http://www.londonccc.co.uk/.
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