in News Departments > New & Noteworthy
print the content item

In an analysis of bills before the U.S. Congress, New Carbon Finance research economists based in New York, Washington, D.C. and London predict that in 12 years, a carbon-constrained U.S. economy that includes a cap-and-trade system allowing only domestic trades will produce:

- a $1 trillion carbon trading market, which is more than twice the size of the European Union's emissions trading scheme,

- a carbon price of $40 per ton as soon as 2015, which will result in a rise in consumer energy prices in real terms of roughly 20% for electricity, 12% for gasoline and 10% for natural gas, as well as impacts on other prices as higher energy and transportation costs filter through the economy; and

- major U.S. investments in renewable energy, energy efficiency and greenhouse gas mitigation projects and technologies.

New Carbon Finance says that most of the 13 climate change bills being discussed in the U.S. House of Representatives and Senate propose some sort of market-based mechanism such as a cap-and-trade system, complemented by direct regulation.

"Even if the current Bush administration rejects all of these bills, the next president will be less inclined to use a veto," says Michael Liebreich, CEO of New Energy Finance, parent company of New Carbon Finance.


Trachte Inc._id1770
Latest Top Stories

Wind Energy Dominates New U.S. Power In October

Data from the Federal Energy Regulatory Commission shows that wind power accounted for over two-thirds of the country's new electricity generating capacity in last month.


Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?

Renewable NRG_id1934
Hybrid Energy Innovations 2015