TITLE

Carbon Costs Under Obama Cap-and-Trade

AUTHOR(S)
Moresco, Justin
PUB. DATE
March 2009
SOURCE
Red Herring;3/2/2009, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the outlook of research firm Point Carbon on carbon costs in the U.S. in line with President Barack Obama's budget proposal. Point Carbon predicts that carbon allowances, representing one tonne of carbon dioxide equivalent, would trade at a price of $13.70 during the first year. Point Carbon estimates the price of carbon in 2020 would rise to $16.50 per allowance, translating into an additional 15 cents per gallon of gasoline with the limit, or cap, on emissions declining about two percent per year after 2012.
ACCESSION #
36826977

 

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