How Cap and Trade Will Fuel the Global Economy

摘要

Cap and trade programs and related measures will spark a wide range of business opportunities. The financial sector will grow to facilitate hundreds of billions of dollars worth of climate change-related exchanges. By 2050, markets for low-carbon technologies are likely to be worth at least $500 billion annually, and possibly much more.~1 Numerous carbon capture-and-storage projects will emerge. Plug-in and other advanced technology vehicles will become the norm. Moreover, a plethora of legal and nonle-gal consulting agencies will be advising government agencies and companies on climate change. Countries and companies should position themselves now in order to take full advantage of these opportunities.