Isramart : Maine Seeks To Sell Carbon Credits On World Market

Isramart news:
The state has laid down some very ambitious long-term weatherization goals with hopes of weatherizing every home across the state over the next 20 years.

Officials said the state’s current efforts to weatherize homes and reduce the amount of carbon residents put into the atmosphere is already so successful that the state has — and will have — a significant amount of carbon credits to trade.

Dale McCormick, director of the Maine State Housing Authority, has spearheaded a plan to sell tons of carbon.

Currently, carbon sells on the world market for roughly $7 a ton, but over the next two decades, McCormick said he believes that price could skyrocket to as much as $50 a ton — which could amount to millions of dollars that Maine could parlay into grants and low-interest loans to encourage all homeowners to weatherize their homes.

Maine is the first state in the country to have such a plan. The state hopes to begin selling credits within the next six to nine months.