What the US Can Learn From the CDM

The value of transactions under a US federal cap-and-trade programme to control greenhouse gases (GHGs) could range from $10 billion-50 billion annually by 2015. These estimates – published in June by London-based analyst New Carbon Finance – suggest that $2.6 billion-12 billion of the total will be invested each year by 2015 in GHG reduction projects across the US. At this level of investment, it is imperative that the financial market systems developed to support a GHG cap-and-trade programme facilitate, and not hinder, investments in GHG-reduction projects.


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