208545 Resource 107530 205428 205428 1215126770711 1216941802285 Controlled Will Carbon Trading Become the Biggest Traded Commodity?

Obama and McCain both support a cap-and-trade system.

<font size="2">Carbon trading was worth about $64 billion last year, with European nations contributing 78% of this total. What would happen if the U.S. got seriously involved? A global carbon market of $3000 billion by 2020. Thats serious business. Greenhouse gas software systems can help us manage it.<br /><br />How would it get there? By setting up its own federal cap-and-trade system to limit carbon emissions. An international agreement that would follow up on the Kyoto treaty would also be required. The good news? Both Senator Obama and McCain support a cap-and-trade system.<br /><br />On June 25, Bart Chilton, commissioner of the US Commodities Futures Trading organization said, &quot; The potential size and scope of a structured carbon emissions market in the U.S. is unequivocally vast.&quot;<br /><br />Carbon trading is a key part of the Kyoto Protocol. With this system, every company has a limit on what they can emit and whatever goes unused in their quota can be traded. Will the U.S. jump on board? Time will tell...</font><br /> 10 application/xml false Carbon trading EHS software environmental software greenhouse gas software Kyoto Protocol safety compliance sustainability Mozilla/5.0 (Windows; U; Windows NT 5.1; en-US; rv:1.8.1.16) Gecko/20080702 Firefox/2.0.0.16 127.0.0.1 127.0.0.1 jwuebben 74.202.198.130 false true false false true 205814 false false true false false false true 107530 blog blogsite/Enviance/web