Global carbon market tripled in 2006

The seventh annual World Bank carbon market study, released at CARBON EXPO, shows that the global carbon market tripled in 2006-to US$30 billion from US$10 billion in 2005. The market was dominated by the sale and resale of European Union Allowances (EUAs) at a value of nearly US$25 billion. The projects-based market in developing countries and in countries with economies in transition grew sharply to US$5 billion in 2006, more than doubling over the previous year.

US$8 billion in new resources for developing countries have been generated through the Kyoto Protocol Mechanisms since 2002, the report states. The market report estimates that direct carbon purchases have leveraged an additional $16 billion in associated investments supporting clean energy in developing countries since 2002.

Download of the full report State and Trends of the Carbon Market 2007
Source: The World Bank