9 April 2009 | Luca Del Buono

 

As the United States continues to develop and implement carbon regulation policies in time for the United Nations climate change conference in Copenhagen in December, all eyes are intently watching how the ever-growing U.S. carbon market will widen as a precursor to markets worldwide, claim experts within the carbon finance and climate legislation camps.

With investors and those interested in carbon markets descended on Washington D. C. for the Carbon TradeEx America forum, many listened carefully as speakers discussed the relevancy and positive impact renewable energy investments in U.S. President Obama's stimulus package will have upon the development of the U.S. carbon market, still within its early stages of implementation and operation.

"What happens here has a profound impact on what everybody else does, (and makes) it more likely to get a decent global agreement," said James Cameron, executive director of Climate Change Capital, an investment management company that specializes in the low-carbon economy attending the event.

Even if the United States is not able to pass energy or climate change legislation by December, sincere efforts to do so will be meaningful in Copenhagen, Cameron said. Along with Washington's efforts, policy makers and investors will take note of the clean-tech investment-taking place in the United States.

Click here to read more

Source: CN News

blog comments powered by Disqus