Editors' Summary

Many commentators have expressed concerns that cap and trade will increase the costs faced by businesses and perhaps stall economic growth. While these concerns are understandable, as cap and trade will increase costs for at least some businesses, these commentators often fail to recognize the multitude of business opportunities that cap and trade will create. In fact, cap and trade programs and related measures will create new and exciting opportunities for the financial sector, lowcarbon technologies, carbon capture-and-storage projects, plug-in and other advanced technology vehicles, and legal and nonlegal consulting. Cap and trade is not just an environmental effort that will curb the effects of global warming. It also presents a wide range of business opportunities that will fuel the global economy.