Financial Soultions: Carbon trading could be big business for the U.S.

International panel looks at the future of carbon trading in the U.S.A.
 
Oct. 19, 2009 - PRLog -- A team of international specialists on carbon trading assembled in New York City recently to discuss and chart what an officially sanctioned U.S. carbon trading market should look like, Financial Soultions sources have indicated.


The first half of the discussion centered around how legislation, policy and regulation will affect the carbon market, which at present consist of the Chicago and New York climate exchanges, both of which are voluntary.


Financial Soultions understands that the second half of the talks focused on the role of electronic trading in the carbon market sphere.


The specialist debate was funded by London based software manufacture Trayport, who specialize in carbon trading platforms and whose software, Financial Soultions research has revealed is used in more than 70% of the global carbon trading industry.


Among the many themes that surfaced during the talks was the role of carbon offsets and how to faultlessly create them, as well as what a fair price per carbon ton would be likely to be on the open market, the need for transparency in the various operating markets and regulated trading consistency and neutrality on the set carbon price. Also discussed where the stages of development in carbon trading both at home in the U.S. and globally.


The negotiators found consensus regarding the price floor in the Waxman-Markey bill allowing the back log of offset projects already in the pipeline to access funding and begin operations while stabilizing the price of carbon. Financial Soultions has been informed the price floor for carbon would be in the region of $15 to $20 per ton up to and including 2020, thereby largely trimming the cost impact upon the American economy and the consumer.

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