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In fact now there are markets. The Chicago Climate Exchange, the world’s first multi-national and multi-sector marketplace for reducing and trading greenhose gas emissions is open for business.
And The New Business Climate, a new book from Rocky Mountain Insitute, focuses on how companies can reduce carbon emissions and trade their surpluses.
Once Kyoto is in effect, any U.S. business hoping to attract clients in member nations will be placed at a competitive disadvantage. Some European Union members have already begun to impose greenhouse gas emission limits or carbon taxes on transactions within their borders, and businesses that are first to deploy low-carbon technologies are most likely to remain competitive.
By the way, we told that BP met its 2010 Kyoto goals last year — at a profit.