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Ker-ching! Money to be made

November 2, 2009

What was that line about Copenhagen being a carbon trading business expo with a treaty conference tacked on?

This from the American business site “Environmental Leader

The success of the emerging global carbon market rests on the outcome of the Copenhagen Climate Conference in December, according to a report from market researcher Frost & Sullivan. In the meantime, European Union leaders have agreed on a climate deal to present at the global climate talks. But analysts say the biggest polluters, such as energy and utility companies, will be the biggest winners in a climate deal as they capture low carbon subsidies thanks to their financial clout.

As an example, the European Union (EU) wants to lower greenhouse gas (GHG) emissions by 20 percent over 1990 levels by 2020, and by up to 30 percent if an agreement is reached in Copenhagen, cites Frost & Sullivan.

Research from Frost & Sullivan’s Asset Management — European Emissions Trading Market shows that the emissions reduction market earned revenues of $94.28 billion in 2008 with projections to reach $344.64 billion in 2015.

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