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
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Famous quotes containing the word market:
“A sentimentalist, my dear Darlington, is a man who sees an absurd value in everything, and doesnt know the market price of any single thing.”
—Oscar Wilde (18541900)
“Forbede us thing, and that desiren we;
Preesse on us faste, and thanne wol we flee.
With daunger oute we al oure chaffare:
Greet prees at market maketh dere ware,
And too greet chepe is holden at litel pris.”
—Geoffrey Chaucer (1340?1400)