Global trade in carbon is a growing business with quadrupling in international carbon sales in 2006 at over $25B USD according to the World Bank. The New York Times presented carbon trading as one of the fastest growing trades, with companies scrambling to get a slice of a market now worth about $30 billion and could grow to $1 trillion within a decade. Carbon trading is the new big thing according to “In London’s Financial World”. Carbon will be the world’s biggest commodity market, and it could become the world’s biggest market over all, it added.

Alberta Climate Change and Emissions Management Act 2007, and British Columbia Greenhouse Gas Reduction Targets Act or Cap and Trade Act, 2008, pave the way for industrial plants in these provinces, to take action to mitigate their carbon intensity, including buying of carbon credits to offset and meet their greenhouse gas emissions intensity target, thereby pioneering carbon trading in these provinces and Canada at large.
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