GreenTrading™ creates solutions for reducing pollution and accelerates technology transfer. The GreenTrading™ marketplace encompasses the trading of credits associated with: • Carbon and greenhouse gas emission reduction; • Renewable energy; and • Energy efficiency (Negawatts) This new markets allow the creation of quantifiable commodities that are fungible across markets and borders. With appropriate public policies and market structures, Triple Convergence of these markets will create liquidity, facilitate the financing of environmental improvements, and accelerate technological adoption. Portfolios of such commodities are expected to appreciate in value over time.
Triple Convergence
Copyright©2003-5 GreenTrading™ Inc.
This Page Intentionally Left Blank
This book is dedicated to the great people of New York City.
This Page Intentionally Left Blank
Green Trading Markets: Developing the Second Wave Peter C. Fusaro and Marion Yuen
(GreenTradlng). *
A
*
ELSEVIER
Amsterdam
Boston
London
New York
Oxford
Paris
San Diego
Elsevier Science Ltd The Boulevard Langford Lane Kidlington, Oxford 0X5 1GB
San Francisco Singapore
Sydney
Tokyo
Elsevier The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, UK Radarweg 29, PO Box 211, 1000 AE Amsterdam, The Netherlands First edition 2005 Reprinted 2005, 2006 Copyright © 2005, Green Trading^M inc. Published by Elsevier Ltd. All rights reserved The right of Author Name to be identified as the author of this work has been asserted in accordance with the Copyright, Designs and Patents Act 1988 No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means electronic, mechanical, photocopying, recording or otherwise without the prior written permission of the publisher Permissions may be sought directly from Elsevier's Science & Technology Rights Department in Oxford, UK: phone: (+44) (0) 1865 843830; fax: (+44) (0) 1865 853333; email:
[email protected] Alternatively you can submit your request online by visiting the Elsevier web site at http://elsevier.com/locate/permissions, and selecting Obtaining permission to use Elsevier material Notice No responsibility is assumed by the publisher for any injury and/or damage to persons or property as a matter of products liability, negligence or otherwise, or from any use or operation of any methods, products, instructions or ideas contained in the material herein. Because of rapid advances