US a $1 trillion market by 2020?

Over at New Carbon Cycle, there’s an analysis of the recent forecast by New Carbon Finance (NCF) that the US market for carbon emissions could be worth US$ 1 trillion by 2020. Assuming the adoption of a cap-and-trade system across the US, NCF also predicts a carbon price of US$ 40 per tonne by 2015. The press release by NCF is here (PDF).

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