Wednesday, December 31, 2008

Would our economy benefit from trillions of dollars in additional fraud?

Year of the carbon market?
With 13 climate change bills currently under discussion in the Democrat-heavy U.S. Congress, 2009 is expected to be a breakthrough year for the U.S. carbon market.
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The value of the global carbon market increased 80 percent in 2007, climbing to a value of $40.4 billion, according to European analysis and consulting firm Point Carbon. The firm predicts that by 2020, the United States’ carbon market will represent 67 percent of the global carbon market, which is expected to reach $3.1 trillion by that time.

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