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Energy Risk's second annual emissions survey charts the development of emissions trading in Europe since the start of the European Union Emissions Trading Scheme a year ago

The European carbon market is booming.Although forward trades had been made before 2005, last year saw an explosion in traded volumes from 6.3 million tonnes in January 2005 to 37 million tonnes in November - over 250 million tonnes for the whole year, according to Point Carbon. Many new players entered the market, and the use of more sophisticated products, including swaps and options, increased - as did investment in Clean Development Mechanism (CDM) projects in non-EU countries. This year's

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