Currently valued at over $30 billion, the carbon trading market may skyrocket to over $1 trillion as the price of carbon becomes more valuable.
Your thoughts?
2007-10-15 09:00:47 · 6 answers · asked by Anonymous in Environment ➔ Global Warming
I hope not! Easton MinkeyLite carbon fiber riser bars will cost a mint!
2007-10-15 10:06:43 · answer #1 · answered by Knick Knox 7 · 5⤊ 0⤋
hehe
no.. carbon can be made it will never be worth anything unless the gov.. steps in and force people to act different.. which the govc. is stupid and has never done anyting right at all... so it is something that could happen as long as we have idiots like albore , ted kennedy types running around..
below is just one PRIVATE sector business that has come up with the answer yet again.. while left wing nut jobs keep talking. about how to tax the hell out of people and take more control over what you do.. when they should be getting the hell out of the way.. the whole carbon credit thing will go away as more and more business start buying co2 from energy plants and building algae farms.. it is just a matter of time.. carbon credits will go the way of Global cooling... hehehe
2007-10-15 11:55:17 · answer #2 · answered by Larry M 3 · 1⤊ 1⤋
No.
CO2 credits do not buy Carbon, they are paid to develop means to avoid producing green house gasses. It is insurance of a sort. It is "mitigation money".
I think it would be wise to invest in carbon fiber, there is not enough supply to meet demand. But the worlds biggest commodity market is going to be water.
2007-10-15 09:11:57 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Hi Amy,
The market for carbon credits may become a very profitable one as more and more people set themselves up as brokers and middlemen and effectively trade the credits like ordinary stocks and shares.
When these schemes were implemented I don't think they were particularly well though out - the idea wasn't to have brokers getting rich but to place a cap on total carbon emissions. If the system works as intended there is no overall financial loss or gain as for each dollar / pound / yen / whatever that a company pays out there's another one that benefits by receiving that same amount.
Maybe, and I'm only guessing here, there will come a point when the financial hardships encountered by the worst polluters spur them into taking action; perhaps individually or perhaps collectively and to this end they may implement schemes to reduce carbon emissions or invest in technology that sequesters carbon dioxide.
However, there are many schemes in the pipeline that are being developed that would remove CO2 completely from waste emissions. As this technology becomes available, as I'm sure it will, companies will be able to reduce their own emissions and then sell surplus carbon credits. In time, with the implementation of more sequestering technology, the trade in carbon credits will decline.
Just one possible outcome, I dare say there are a good many others.
2007-10-15 09:24:12 · answer #4 · answered by Trevor 7 · 4⤊ 5⤋
There is no way, an attempt at trying to enforce such a sham in the US would result in the dire predictions of anthropogenic climate change being rewritten overnight.
2007-10-15 09:47:40 · answer #5 · answered by Tomcat 5 · 0⤊ 1⤋
That is exactly why this phony global warming crisis was invented. To make some people very rich at the expense of all the rest of us.
2007-10-15 11:57:21 · answer #6 · answered by Anonymous · 1⤊ 1⤋