Toronto, ON Canada (PressExposure) February 08, 2012 -- With the inauguration of carbon markets in California and Quebec, Carbon Solutions Ltd. foresees that carbon trading in North America will double this year. Also, the total value of the Western Climate Initiative (WCI) is set to exceed the eastern Regional Greenhouse Gas Initiative (RGGI). The volume of permits and credits traded could jump to 179 million tons at a value of $782 million. WCI is a market across California and five Canadian provinces, and there is a report that it will become the largest North American market by value. If this happens, it will overtake the RGGI, an agreement between nine north-eastern states.
Carbon Solutions Ltd. can also see that 24 metric tons of allowances will be distributed by WCI in California and Quebec later this year for 2013 use. California has been actively building its own cap and trade program as well as adhering participating in the WCI. The California Air Resources Board gave its final approval to the system in October to set limits on carbon emissions beginning this year and with enforcement starting 2013. Carbon Solutions Ltd. is a carbon emission trading company with experience in international markets dedicated to addressing climate change and global warming by ensuring businesses have a profitable and sustainable way of making the changes needed to combat this problem. We are a reliable and proficient player in the environmental commodity world and operate in the global carbon trading, energy and renewable energy markets.
At Carbon Solutions Ltd., we believe a secular change is occurring in how we think about the environmental effects of energy generation which in turn will drive significant changes in how consumers, corporations, and governments respond to a carbon-constrained and more environmentally conscious world. These changes will have a major impact on public health, the world economy, global climate and drive the need to develop sustainable and cleaner sources of energy.