Greenhouse Gas Trading to Reach $116 Billion


Greenhouse Gas Trading to Reach $116 Billion

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The global greenhouse-gas trading market will expand to $116 billion by year's end, an 80 percent gain on 2007, according to New Carbon Finance, the London-based research company.

The size of the market will jump to $550 billion in 2012 and $3 trillion in 2020, New Carbon Finance said today in an e-mailed statement.

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This is obviously an advert by New Carbon Finance, but did make me think that in the very near future we will be governed by imaginary legislation. We have imaginary terrorists, imaginary carbon credits, imaginary schools that teach make believe subjects and issue worthless diplomas. All of which will cost real money from taxes.

Oceania is at war with Eurasia.
Oceania has always been at war with Eurasia.

http://www.bloomberg.com/apps/news?pid=20601130&sid=a30boxT4LyD0&refer=environment
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user-icon Submitted by Rycharde Manne on Sat, 2008-10-11 10:11


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Publius's picture

So, the global fraud has

Submitted by Publius on Sat, 2008-10-11 10:56.

So, the global fraud has already passed $100 billion? Are there really that many stupid businessmen out there? Let me guess...it's mostly Europeans trading in these "markets," right?

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