Why? That is the question that some people ask about developing global or national markets in Greenhouse Gas emissions.

The answers are both simple - and complex - at the same time.

The simple answer is that greenhouse gases, which are to some significant degree generated by human activity, have caused, and will continue to accelerate, global climate change resulting in many negative – and possibly disastrous – effects on our planet.

For example, at ground level, the organization 'Habitat for Humanity' does excellent work to provide shelter to those that cannot afford it. We believe that there is only one 'habitat for all of humanity - Earth. Humanity has no other place to 'go'. Therefore it is incumbent upon all of Earth's inhabitants to keep the planet fit for present and future generations.

A second 'simple' answer is that no country, or jurisdiction, can bestow the 'right' to pollute - no matter the type of pollution. Clean air, clean water and as clean an environment as possible are a right of all living beings.

The more complex answer involves discussions of economic inducements and modelling. The International Emissions Trading Association (IETA) has been working to promote the concept of emissions trading for several years. Recently, Bob Page, Chairman of IETA, said:

This joint statement of principles on emissions trading is a very important first step in building market mechanisms in Canada and finding innovative, cost-effective solutions for climate change. If we are to achieve our environmental goals, we must harness the potential of market forces.

GHGx could not agree more with his comments. IETA has worked in conjunction with national governments to both foster, and harmonize, greenhouse gas emissions trading registries and concepts between countries.

In addition, Andrei Marcu, President of IETA, added:

Agreeing to a set of sound principles in the design of the Canadian system for trading is an important achievement that will help minimize the cost of meeting Kyoto targets. These principles show the importance that both the federal government and business attach to having a global market.

We agreed with their comments so much that we went out and built what many others only spoke about in concept to be created several years in the future.

That future is now – right now.

The Canadian working group stated that:

"A domestic emissions trading system will be one of the important tools available to large final emitters, such as power, oil and gas, and certain mining and manufacturing industries, in meeting the reduction of 55 million tonnes of GHG emissions under the Government of Canada’s Climate Change Plan for Canada. A domestic emissions trading system promises to help meet Canada’s Kyoto targets to reduce GHG emissions by six percent from 1990 levels by the period 2008 to 2012. The Kyoto Protocol was signed in 1998 and ratified by Canada on December 17, 2002.

A domestic emissions trading system is one of the mechanisms providing industry with flexible options for meeting GHG targets in an economically efficient manner by promoting price discovery, rewarding innovation, supporting the competitiveness of Canadian industry and providing incentives for the development of low-emissions technologies. Designing an effective and efficient domestic emissions trading system is therefore an important element in efforts to balance climate change commitments and a healthy economy."

These principles apply to all other nations; both economically developed or otherwise, as they strive to sustainably develop their economies. What has been missing in the past is a complete, online and integrated trading mechanism that will bring together all of the disparate elements striving for integration. GHGx is that mechanism.

Why? Because future generations expect present generations to provide good stewardship to the global environment and leave it cleaner than they themselves received it.

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GHGx Corporation - Greenhouse Gas Exchange
Global Emissions Trading for a Brighter Future™