Carbon Trading: Adjustment Period Ahead for U.S.; Price Hard to Project

The U.S. carbon market is likely to undergo some growing pains should cap-and-trade legislation pass, said speakers and delegates at Carbon Market Insights Americas, held this week in New York. Affected firms, including chemical companies, will have a relatively short period of time to make sure emissions are covered. The launch of the system could usher in a period of uncertainty and volatility. The price of the permits in the U.S., which would be the world's largest carbon market should a bill pass Congress, is difficult to forecast. While prices should tend...

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