Tuesday, March 3, 2009

U.S. Projects $646 Billion in Cap-and-Trade Revenue

According to Reuters, President Obama's budget for 2010 projects $80 in annual revenue from a U.S. cap-and-trade system, with $646 billion generated between 2012-2019. Analysts believe the estimates are realistic and possibly low.

The budget assumes a cap-and-trade system will be in place by 2012. Up to $150 billion of the revenue is targeted for clean energy technology investments over a 10-year period and for a tax credit to ease the transition toward a low carbon economy.

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