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Carbon dioxide market is worth $331-million

By Asjylyn Loder, Times Staff Writer
Posted: May 09, 2008 07:48 PM


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For something you can't really see, and that nobody really forces you to buy, carbon dioxide is sure worth a lot of cash. The voluntary carbon dioxide market was worth $331-million last year, and the trade in carbon dioxide tripled since 2006 to 65-million metric tons, says a report released Thursday by New Carbon Finance, a leading carbon market analyst. The trade comes from people and businesses that decide to reduce their ecological footprint by paying someone else to plant trees or buy wind power. The United States doesn't have a federal law that caps carbon dioxide emissions, so all that cash in the voluntary market came from consumers who just want to go green (or from businesses wanting to appear green in order to sell things to those eco-conscious consumers.)



[Last modified: May 09, 2008 07:48 PM]



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