Global carbon trading market grew to $64 billion in 2007
May 9th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The global carbon market grew to $64 billion (€47 billion) in 2007, more than doubling over 2006, according to a new report from the World Bank highlighting the state and trends of the global carbon market. The European Union Emission Trading Scheme (EU ETS) also saw a doubling of both value and number of allowances transacted to the tune of $50 billion (€37 billion).