Jul
15
Carbon as Currency
Tags: Sustainability
Filed Under Articles
Dallas Morning News
Editorial
Read the entire article here.
Excerpt:
Greed is going green.
Carbon trading is becoming a lucrative specialty in London’s financial district. Major investment banks are buying and selling pollution credits, the new currency in Europe, where governments limit industries’ emissions. It’s a $30 billion market that is expected to expand rapidly during the next decade.
[...]
Around the world, industrial nations are moving quickly to snag a slice of the fast-growing carbon trade. Bipartisan support for carbon allowances is growing on Capitol Hill, and we remain hopeful that Congress will pass cap-and-trade legislation.For environmental and economic reasons, the United States should not sit this one out.GET A HEAD START
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