The article, entitled, “In London’s Financial World, Carbon Trading Is the New Big Thing,” continues:
“Carbon will be the world’s biggest commodity market, and it could become the world’s biggest market over all.”
If you doubt that assertion, consider this: Every year humans generate about 38 billion tons of carbon dioxide.
At its 2012 projected price of about $50 per ton (Carbon Credit equals one ton of CO2)--in the U.S.--the potential carbon market stands at roughly $1.9 Trillion (38 billion x $50).
In Europe and in other nations with mandatory caps, carbon comes with an even higher price.
