Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (742051)	6/6/2006 4:33:44 PM
From: puborectalis	Read Replies (2) \| Respond to of 769670

Don't worry about our small talk...I hold no grudges.It's just good old therapy.I apologize for my remarks.

To: GROUND ZERO™ who wrote (742051)	6/6/2006 9:45:07 PM
From: DuckTapeSunroof	Read Replies (2) \| Respond to of 769670

Just as an aside... the 'price' (of carbon credits) is determined every day on the Chicago Climate Exchange (CCX), where carbon credits trade. The exchange began operating in 2003. It is a voluntary but legally binding market monitored by the National Association of Securities Dealers. The contracts are a huge success. They were invented by a former chief economist of the Chicago Board of Trade, Dr. Richard Sandor (often referred to as "the father of financial futures"). While at the C.B.O.T. he previously had helped to launch the world's first spot and futures markets for sulfur dioxide. Presumably, the exact same market-based approach could be applied internationally, as the US uses domestically.