February 28, 2007
GCRIO Program Overview
Our extensive collection of documents.
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Global Climate Change Digest
A Guide to Information on Greenhouse Gases and Ozone Depletion
Published July 1988 through June 1999
Trexler on Trading (JUNE 1999)
On Mar. 24, 1999, at the Australian Financial Reviews
Second Australian Emissions Trading Industry Forum, Mark Trexler said that
the global market for greenhouse gases could be worth $40 to 100 billion a
year. The market consists of trades in emissions of greenhouse gases
measured in units of equivalent tons of carbon dioxide. A range of
greenhouse products are offered on the current market, but their quality
varies widely; the true value of the commodities needs to be standardized.
Costs and prices are often confused on the market today, and Trexler
predicted that economic rent for greenhouse-reduction
capabilities would be sought by offerors, establishing a market-clearing
price. He also said that resolution of the early-action issue was crucial
to the advance and development of emissions-trading markets.
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