This is big money.
And from what I understand, carbon trading is the ginchiest*.
The United Nations, manager of the world's second-biggest emissions-trading system, may change its rules from 2013 to encourage the U.S. to join an effort to stem climate change, an official who heads the program said.
New technology, such as equipment to capture carbon dioxide from power stations and store it underground, may be deemed worthy of generating emission credits automatically, Halldor Thorgeirsson, head of emissions trading at the UN Framework Convention on Climate Change, said in an interview.
... A perception exists among U.S. lawmakers that emissions trading might transfer too much wealth to developing nations from industrialized nations, said Kate Hampton, head of policy at Climate Change Capital, an investment bank with $1.5 billion of funds under management. ``That makes CDM a hard sell,'' she said last week in an interview in the bank's headquarters in London....MORE
China to set up equity exchange for emission trading
Japan: Buying Carbon Credits From Hungary
From the Times of India:
India's carbon credit market set to take-off
South Africa looks to cash in on carbon market
China has bigger role to play in carbon trading
From the Wall Street Green Trading Summit:
Last Chance for Carbon Seminars This Year
From; well you get the picture.
This is going to be the biggest wealth transfer in history.
As they say at USCAP,
"If you're not at the table, you're on the menu".
*" 'Cause that's the kind of scene that I dig...
baby, you're the ginchiest!" Source
From the Urban Dictionary:
The attribute of being cool in the sense that others admire you for your apearance or actions or an object or situation that inspires those feelings. Popularized and possibly coined by actor Edd Byrnes as the character Kookie on the 77 Sunset Strip TV series.
"Baby, you're the ginchiest!"