Global carbon trading to grow by 20% in 2009

In its 2009 outlook report, Point Carbon forecast 5.9 billion tonnes (gigatonnes, Gt) of carbon dioxide equivalent (CO2e) would trade in 2009, compared to 4.9 Gt in 2008. But the increase represents a leveling off in volume, since it approximates transaction volumes seen in the second half of last year.

The global market will be worth €62.6bn (US $79.7bn) in 2009, compared to €92bn (US $117bn) in 2008 - a 32% drop. This will be the first year market value will contract since carbon trading starte