Carbon cap could mean billions for telecom, IT

摘要

Telecom and IT companies are well-positioned to tap a potential $700 billion market for lowering carbon dioxide emissions, said Bill St. Arnaud, chief research officer for CANARIE, the Canadian research house.rnThe U.S. House of Representatives in June passed an environmental bill that would create a cap-and-trade market for carbon emissions, forcing companies that put out too much CO2 to pay for green initiatives that offset their pollution.rnToday much of those offsetting initiatives are focused on planting trees and reducing methane in garbage dumps, but those offset dollars could go to telecom and IT, Arnaud said.