Future Uncertain For Voluntary Carbon Market

Law360, New York (May 29, 2009, 12:00 AM EDT) -- If U.S. lawmakers end up passing a cap-and-trade bill, it could mean a slow descent into oblivion for the voluntary carbon market, some experts argue.

On one side of the spectrum is Cairn G. Cross, co-founder of venture capital fund FreshTracks Capital LP, who said a cap-and-trade system would initially affect mainly large power producers and large power consumers.

“There are thousands and thousands of businesses that won't have any compliance requirements, and yet will want to be pursuing their own green strategy to be able...
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