Market Value
The market for the purchase of carbon has grown exponentially since its conception in 1996.
The following is the estimated size of the worldwide carbon market according to the World Bank:
Volume (millions metric tonnes, MtCO2)
- 2005: 718 (330 in Main Allowances Markets & 388 in Project based transactions)
- 2006: 1,745 (1,134 in Main Allowances Markets & 611 in Project based transactions)
- 2007: 2,983 (2,109 in Main Allowances Markets & 874 in Project based transactions)
Dollars (millions of USD)
- 2005: 10,908 (7,971 in Main Allowances Markets & 2,937 in Project based transactions)
- 2006: 31,235 (24,699 in Main Allowances Markets & 6,536 in Project based transactions)
- 2007: 64,035 (50,394 in Main Allowances Markets & 13,641 in Project based transactions)
Read more about this topic: Carbon Finance
Famous quotes containing the word market:
“The market came with the dawn of civilization and it is not an invention of capitalism.... If it leads to improving the well-being of the people there is no contradiction with socialism.”
—Mikhail Gorbachev (b. 1931)
“Talk of a divinity in man! Look at the teamster on the highway, wending to market by day or night; does any divinity stir within him? His highest duty to fodder and water his horses! What is his destiny to him compared with the shipping interests?”
—Henry David Thoreau (1817–1862)