Carbon trading volumes up but market value down in 2009

Research from the analyst showed the global carbon market grew to 1,927mt in the first quarter of this year, 128% higher than the same period in 2008. It said this was due to increased volatility in the European allowance market, as well as the physical link up of allowance registries, which enabled the EU spot market to function.

Activity in the EU ETS market grew by 54% over the same period, compared to the last quarter of 2008. Trades in primary and secondary CERs declined between quarters by