[Full-Disclosure] Message from "Lel Bruce Peto" to all "Industry" - reply.
US carbon emissions market could hit $1 trillion by 2020: report Washington --14Feb2008 The US will be home to a $1 trillion carbon emission market by 2020 if federal and state policymakers continue on their current path toward a comprehensive cap-and-trade program confined to the domestic market, consultant New Carbon Finance said Thursday in a new report. The report, which analyzes the 13 climate-change bills under consideration , also found that a cap-and-trade system that permits only domestic trades will produce a carbon price of $40/metric ton as early as 2015, resulting in a 20% increase in retail electricity prices, a 10% hike in natural gas costs and a 12% increase in gasoline prices. The researchers added that they believe an economy-wide cap-and- trade system for US greenhouse gases is "inevitable" in the next four to five years, adding that it will dwarf the European carbon market. The study added that all of the bills under consideration by lawmakers would either bar or severely restrict the transfer of allowances from trading systems in other parts of the world, including the EU's Emissions Trading System and the Kyoto Protocol's Clean Development Mechanism and Joint Implementation programs, which allow emitters to seek offsets in developing countries, where they are relatively cheaper to achieve.
