To date, carbon markets cover only a few geographies and select categories. Yet, they are already impacting how commodities are produced and traded. Over the next decade, carbon credits will expand to cover all manner of reduction and avoidance technologies, dramatically changing the commodities world. Low carbon alternatives to existing commodities will flourish and so will the circular economy. Carbon will become a truly global commodity and every trader will need to know the market. How can commodities firms plan for and capture these future opportunities? Will every trader, from power, to ags, to oil, need to become a carbon trader? In this episode, Eric Rubenstein, Managing Partner of New Climate Ventures, sets forth his thesis on carbon’s future and impact on the commodities world.