Bergamo Acquisition Corp. (BGMO)

[silverlining]

Carbon will be the world's biggest commodity market. This is not me talking. Barclays Capital in London stated:

CARBON TRADING MECHANISM

Created as a mechanism under the Kyoto Protocol in December 1997, transactions in carbon credits as a commodity are being promoted to curb carbon dioxide emissions. This is a compensation system wherein a buyer who has exceeded his emission cap or limit purchases a carbon credit from a seller who avoids the release of a similar amount of CO2, or has such carbon absorbed or sequestered. Hence, theoretically, carbon trading encourages the offsetting of carbon dioxide emissions in the locus of the buyer by having the equivalent amount absorbed or sequestered in the place or country where the seller resides.6


PROSPECTS

Louis Redshaw, a trader for Barclays Capital in London, has predicted in June 2007 that the global trading in carbon credits, then already worth $30
billion, will grow to $1 trillion in a decade. "Carbon will be the world's biggest commodity market, and it could become the world's biggest market overall," he added.7 The European Union (EU) is the largest carbon trading market, accounting for $25 billion, and the United States will most likely follow.8

LINK: http://www.ecoseed.org/en/general-refere...