Vive Le Canada

Canada Needs Commodities Market For Trading Of Carbon Emissions: TSX CEO

Posted on Tuesday, June 21 at 10:17 by FootPrints
The trading of carbon emissions would be one of several steps needed to begin managing greenhouse-gas pollution. Canada is positioned to lead the world in the new market because it's one of the only countries in the Western Hemisphere to have ratified the Kyoto accord, which commits it to reduce its emissions of heat-trapping gases by 2012 to six per cent below 1990 levels. A commodities market would involve large companies being able to buy credits on an electronic exchange to offset the production of greenhouse gases. Meanwhile, producers of renewable energy, such as wind power companies, could sell their credits and finance their growth. http://news.yahoo.com/news?tmpl=story&u=/cpress/20050617/ca_pr_on_bu/tsx_nesbitt_2

Note: http://news.yahoo.com/n...

Contributed By


Topic


Article Rating

 (0 votes) 

Options




Comments

  1. by Dave Ruston
    Wed Jun 22, 2005 3:17 pm
    Glue must be the new drug of choice among the self-proclaimed elite. Anything to make a buck. These people like Nesbitt are pathetic! Why don`t we just work to cut emissions? This reminds me of a cartoon where this cat`s (not sylvester) buddy just got burned, and this dumb cat looks at a bucket and says, " P-E-T-R-O-L. Water! That`ll cool George off!"

    ---
    Dave Ruston

  2. by boflaade
    Wed Jun 22, 2005 3:30 pm
    Canada relies on others wanting what they have. Being one of the largest countries in the world with a vast amount of raw material and Canada's goal is to be a "yard sale". Maybe Canadians should use what they have.

  3. by avatar Dr Caleb
    Wed Jun 22, 2005 4:35 pm
    If we're spending so many tax and private dollars in order to meet or exceed our Kyoto targets, should we not make money off our hard work? The best ways to do this are sell the technology we develop, and sell our excess carbon credits to those who aren't meeting their targets.

    Why not help the environment, and make money (or lose less money) at it at the same time?


    ---
    "If you must kill a man, it costs you nothing to be polite about it." Winston Churchill

  4. by Anonymous
    Thu Jun 23, 2005 9:46 am
    I think you have to approach this Carbon Emissions Exchange the same way one would go about trying to attract the Olympics, location facilities are important but you really have to show a sincere effort to add value in a unique way. May I suggest that since one is dealing in a really distasteful commodity that should not exist in the first place, we could issue plenary indulgences for, say. every 1000 pollution credits. That way top traders and purchase countries could drastically reduce any hard time owed in purgatory. It's a win-win for all concerned. We could locate it on the same floor as the Human Organ exchange as there may be some cross-over business. :)

  5. by John Tiller
    Wed Jul 06, 2005 6:12 pm
    This treaty is basically the free trade treaties with the name changed. Why shouldn't the people who made money from free trade make money from Kyoto too?



view comments in forum


You need to be a member and be logged into the site, to comment on stories.



Latest Editorials

more articles »

Your Voice

To post to the site, just sign up for a free membership/user account and then hit submit. Posts in English or French are welcome. You can email any other suggestions or comments on site content to the site editor. (Please note that Vive le Canada does not necessarily endorse the opinions or comments posted on the site.)

sitemap | feeds | privacy | copyright | contact
canadian bloggers | canadian news