Dramatic growth in carbon market in 2005

Climate Forests Investments Jan 1, 2001

Environmental Finance magazine reported late last week that Point Carbon's new report, Carbon 2006, reports dramatic growth in the carbon market over the last year. Some €9.4 billion ($11.3 billion) worth of carbon was traded on the international market last year, up from an estimated €377 million in 2004, according to the report. Contracts were signed for reductions of 397 Mt of CO2e from Clean Development Mechanism (CDM) projects

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