InvestorsHub Logo
Followers 45
Posts 4263
Boards Moderated 0
Alias Born 11/05/2009

Re: ID Supermoney post# 15309

Friday, 11/06/2009 10:13:49 AM

Friday, November 06, 2009 10:13:49 AM

Post# of 83071
“The U.S. appetite for carbon trading is strong CCX is now trading 3,000 to 5,000 contracts per day, with 20 percent of the largest carbon dioxide-emitting utilities in the U.S. participating; 11 percent of the Fortune 500 companies; and 17 percent of the Dow Jones Industrials companies.”

A recent Congressional Budget Office study projected that carbon offsets could be a $60 billion market in 2012, on a par with U.S. corn and wheat markets, and “as it grows beyond that, it will make forestry mitigation opportunities more important,” says Jeffrey O’Hara, senior economist, Chicago Climate Exchange (CCX).

http://wattsupwiththat.com/2009/09/09/market-confidence-low-carbon-credits-now-worth-25-cents-were-at-7-dollars-in-2008/