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)
“... married women work and neglect their children because the duties of the homemaker become so depreciated that women feel compelled to take a job in order to hold the respect of the community. It is one thing if women work, as many of them must, to help support the family. It is quite another thing—it is destructive of woman’s freedom—if society forces her out of the home and into the labor market in order that she may respect herself and gain the respect of others.”
—Agnes E. Meyer (1887–1970)