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:
“A sentimentalist, my dear Darlington, is a man who sees an absurd value in everything, and doesn’t know the market price of any single thing.”
—Oscar Wilde (1854–1900)
“I respect not his labors, his farm where everything has its price, who would carry the landscape, who would carry his God, to market, if he could get anything for him; who goes to market for his god as it is; on whose farm nothing grows free, whose fields bear no crops, whose meadows no flowers, whose trees no fruit, but dollars; who loves not the beauty of his fruits, whose fruits are not ripe for him till they are turned to dollars. Give me the poverty that enjoys true wealth.”
—Henry David Thoreau (1817–1862)