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Costs and carbon

Worldwide interest in the fledgling carbon trade is on the rise. Currently, the market price for a tonne of carbon avoided lies within the $20-60 range. The good news is that wind can meet or beat that price according to a new International Energy Agency report on the potential of wind energy to reduce carbon dioxide emissions. The conclusions of the IEA report should be enthusiastically embraced by the wind energy community, which needs to be engaged more fully in the ongoing discussions on carbon trading. The message is simple: wind has enormous potential, attractive costs and excellent carbon reduction potential. That fact must no longer remain privy to a small elite within the industry.