Carbon market seen at $400bn by 2014
The global carbon emissions trading market will more than treble by 2014 from 2008 levels, reaching nearly $400 billion, according to market intelligence company ABI Research.
ABI Research also forecasts that from 2009 to 2014, the market will see a $14.6 billion injection into 73 new carbon capture and storage (CCS) projects that are estimated to prevent 146 million tons of carbon dioxide (CO2) from entering the atmosphere
CCS allows heavily polluting industries to utilise new technologies to capture the CO2 they had been generating and store it safely for long periods
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