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Carbon Point Study Estimates Global Carbon Market Could Top $3 Trillion by 2020

Posted on May 27, 2008

A study released last week by Point Carbon, a European consultancy and analyst service in global power and carbon markets, estimates that the world carbon market could be worth $3.1 trillion dollars by 2020. The estimate assumes that the United States adopts a cap and trade mechanism similar to the plan introduced in the Lieberman-Warner Climate Security Act and that the EU has in place a 25% emissions reduction target.Given the scenario laid out in Point Carbon's analysis, 67% of this market is held within the United States. The European Union, with the only cap-and-trade system already...

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