Friday, April 2, 2010

Carbon Futures

This week I didn't go anywhere special except of course for our weekly trip to Trader Joe's and the daily trips to the complex. However, we have delved deeper in the exploration of renewable energy and incentives for it. One interesting facet is that of carbon credits. Carbon credits allow you to sell the amount of carbon you save to someone else who might be going over their limit. At the moment the market seems to be $6.50 per 100 metric tons of CO2, while this sounds like a lot of CO2 keep in mind that the US puts out 5.8 billion tons of CO2 a year and that number keeps increasing.

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