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Global Carbon Market Up 83 Percent Annually

Thursday, January 15, 2009 5:03:00 AM PDT | VentureDeal Staff

Washington, DC  --  The global carbon market grew 83% in volume during 2008, according to a report by PointCarbon.

The Carbon Market Monitor report says that 2008 saw 4.9 billion tons of carbon dioxide equivalent change hands.

“Even Point Carbon did not fully predict the extent of the dramatic expansion in global carbon trading. This overshoot of our original forecast is largely due to brisk EU allowance (EUA) trading in the fourth quarter and to high activity in the secondary CER market,” said Endre Tvinnereim, Senior Analyst and author of the report.

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