Obama Encourages Open Carbon Trading in the U.S.

A proposed initiative by President Barack Obama to establish a carbon credit trading program in the United States has been received well by carbon credit generating projects facilitator Dynamic Applications Corp.

Carbon credit trading presents a lucrative and growing market that encourages industrial entities to cut down on greenhouse gas emissions. President Obama hopes that the proposed initiative will help generate revenues for the economy and also reduce the total greenhouse gas emissions.

The budget plan of President Obama estimates revenues of $78.7 billion by 2012 by means of selling polluters with greenhouse-gas emission permits. Estimates by the Congressional Budget Office indicate that revenues ranging from $50 billion to $300 billion per year can be produced from such an initiative.

Dynamic Applications Corp. operates by financing emission reduction projects which in-turn produce carbon credits. The produced carbon credits are sold by the company in the carbon trading market.

Dynamic Applications Corp.’s Chief Financial Officer Asher Zwebner commented that the market for carbon trading presents huge growth potential with negligible competition.