London Free Press - Big Value put on carbon market. 

The Copenhagen climate accord will usher in changes for Canadian businesses and those who take advantage of the new carbon market will come out as winners, experts say.

Now is a critical time for businesses to consider the implications of the accord reached by world leaders at a climate change conference in Copenhagen last week and the emerging global carbon market, advisory firm Ernst & Young said.

"Within five years, there will be a global market for carbon credits -- literally billions of dollars will flow through this system," said Greg Noble, head of Ernst & Young's transfer pricing group.

 "Fortunes will be made and lost." Elisabeth DeMarco, a leading emissions trade expert and a lawyer with MacLeod Dixon in Toronto, says the current global carbon market is valued at $126 billion.

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