ETS Investor Alert 5-29-08

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Another important step in the U.S.’s creation of a carbon trading market has been taken not by the federal or any state government but by a local air quality improvement district in California.

As this story notes the Bay Area Air Quality Management District has approved the first fees on businesses that emit very high levels of carbon dioxide.

Will this be the first of many such actions leading up to Washington, within two to three years, coordinating a national carbon trading market? With it looking like Obama vs. McCain, the answer is yes, since both want to take action.

Until tomorrow.

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