Despite market upheavals in 2008, the world's carbon markets have experienced healthy growth both in terms of the volume of emissions traded and value. The market is being driven by the double effects of higher traded volumes and higher prices.
Growth in the global carbon market is expected to reach $150 billion in 2009. This continued expansion, although at a slower rate than between 2007 and 2008, will be driven by moderate increases in the European Union allowance (EUA) market.
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