Carbon trading market could be worth $3 trillion

By Padraic Cassidy

Last Update: 1:38 PM ET Feb 22, 2007

SAN FRANCISCO (MarketWatch) - Policy makers at the Emissions Markets and Cleantech Opportunities conference Thursday called for national legislation to set up carbon trading markets. "We need public policy," said Peter Fusaro, chairman of Global Change Associates. He said a carbon trading market could be worth $3 trillion and provide investments for private equity, hedge funds, venture capitalists and investment banks. Other speakers said hurdles and complexities could mean several years before such a system in launched. (Reporting by Steve Gelsi.)

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