Estimates of the potential size of the US cap-and-trade market range from $300 billion to $2 trillion.
Across Uganda, thousands of women warm supper over new, $8 orange-painted stoves. The clay-and- metal pots burn about two-thirds the charcoal of the open-fire cooking typical of East Africa, where forests are being chopped down in the struggle to feed the region’s 125 million people.
Four thousand miles away, at the Charles Hurst Land Rover dealership in southwest London, a Range Rover Vogue sells for 90,000 pounds ($151,000). A blue windshield sticker proclaims that the gasoline-powered truck’s first 45,000 miles (72,421 kilometers) will be carbon neutral.
That’s because Land Rover, official purveyor of 4×4s to Queen Elizabeth II, is helping Ugandans cut their greenhouse gas emissions with those new stoves.