FinSoul: Carbon trading needs U.S participation before it matures.

Dec. 10, 2009 - PRLog -- FinSoul research is indicating that the value of the global carbon trading market will be unable to grow at its potential pace until the U.S passes strong emissions trading legislation.
Recent news that the Environmental Protection Agency has ruled that greenhouse gasses are a health hazard, thereby making the emissions legislation currently stalled in the Senate, unnecessary as the EPA can now control emissions under the Clean Air Act, may have given Barrack Obama additional power to negotiate at the Copenhagen climate change conference, but it has done little to change the playing field of the carbon trading industry.

FinSoul believes that carbon trading in 2008 was around $118 billion and could potentially grow to an estimated $2 trillion by 2020, if the U.S. joins the fray.

FinSoul believes that the managing director of Natural Source Asset Management recently commented in an interview that, "The biggest missing piece from the (Copenhagen) policy equation is the U.S. emissions trading law, the high-growth scenarios for the carbon market (will) only occur when the Senate acts and a U.S. law is adopted."

Currently, there are only three mandatory cap-and-trade emission schemes in place globally - first and most successful, the European Unions climate exchange, then Switzerland and most recently, New Zealand.

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FinSoul structures and guides greenhouse gas emission reduction projects from beginning to end, working with both project developers and buyers of emission reduction credits.