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Future Carbon Market Estimated At $2 Trillion

The head of the US Commodities Futures Trading Commission had predicted that carbon trading will become the number one commodity in the nation. Last year alone, over $64 billion was traded on the global carbon market. It is estimated that the carbon market will grow to become worth $2 trillion worldwide, supported by over 160 million futures contracts.

Although the US has yet to pass national legislation to regulate emissions, many are expecting that to change under the next presidency. A bill that would have passed national legislation to cap emissions was rejected in the Senate earlier this month. Chilton says that

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