The total value of greenhouse gas emission permits traded in 2007 reached EUR40 billion, an 80% rise on the 2006 figure of EUR22 billion, according to information provider Point Carbon.
A total of 2.7 billion tonnes of CO2 equivalent (CO2e) was traded over the year, up 64% on 2006.
The European Union's emissions trading scheme (ETS) generated almost two-thirds of global traded volume, with 1.6 billion tonnes of CO2e, worth EUR28 billion, changing hands. Most of the growth was in forwards contracts
The week on Risk.net, December 2–8, 2017Receive this by email