By 2012, Tesco, Britain’s biggest retailer, will require carbon labelling on all the products it sells so that shoppers can compare carbon costs

According to Randy Stringer and Mike Young of the University of Adelaide, trading in carbon offsets is now a billion-dollar global industry, reported The Advertiser (8/8/2007, p. D20).

If we must: most big corporations believe emissions trading merely for compliance and not for speculation

Compliance is the most often-cited motive for dealing with the EU-ETS, which the following quote of Swiss cement company Holcim illustrated: “Our priorities for the EU-ETS for 2005-07 are compliance management — i.e. internal and external balancing of emis­sions and allowances — and learning to use the system as it is conceptually intended to be used. We do not engage in speculative trading,” according to an article in European Management Journal (2007).