China and India probably will beat the U.S. in setting up cap-and-trade programs to control greenhouse-gas emissions, said Richard Sandor, founder of the Chicago Climate Exchange.
“I find more reception for cap-and-trade in Beijing than I do in this city,” Sandor said today at a carbon markets conference in Washington hosted by the Commodity Futures Trading Commission. “We will see China and India have cap-and-trade systems before America does.”
