Rather than worry about global warming and green house gas trades America should be scrambling to develop its own dirty energy sources like coal:
http://www.zdnet.com/blog/government/is-china-gearing-up-to-start-world-war-iii/9368
I did a lot more math in How To Save Jobs, but one calculation stood out. China has made it a national priority to push more and more of its citizens into a middle class. But if China manages to ?middle class? most of its citizens, China alone would then consume 10.1 billion tons of oil equivalent per year, or 78% of the world?s total output.
If India were to grow at the same rate (and India is growing fast, as well), China and India combined would consume 1.5 times the world?s total energy supply. In other words, those two countries, alone, will need more oil that the world actually has. This could be a problem.
NYSE Euronext and APX have forged a joint venture designed to facilitate environmental and sustainability trading. The joint venture, called NYSE Blue, will put some scale behind the trading of carbon credits.
According to the companies, NYSE Euronext will contribute its stake in BlueNext, a spot market for carbon credits, to the venture, which will combine with APX. APX provides regulatory infrastructure and services and counts Goldman Sachs, MissionPoint Capital Partners and Onset Ventures.
When the deal is complete by the end of the year, NYSE Euronext will be the majority owner of NYSE Blue. The companies said they will expand into North America and Asia. BlueNext primarily operated in Europe, which trades the most carbon credits. The contracts traded on NYSE Blue will represent thousands of tons of carbon.
NYSE Blue will feature trading platforms, environmental registry services and front-end IT systems for environmental portfolio management and market data.
Here’s a screenshot of the carbon trading platforms that NYSE Blue will feature:
