Climate Bills and a Green Economy

The Global Carbon Market Grew from $11 Billion in 2005 to $126 Billion in 2008

May 17, 2010

Live-PR - ... Emissions trading is on track to play a key role in the world's transition to a low-carbon economy. As countries meet their commitments under the Kyoto Protocol, the global carbon market has experienced rapid growth. From 2005 to 2008, the market grew from $11 billion to $126 billion.

This growth and accompanying diversification has been made possible by an increasingly elaborate set of players. In addition to the suppliers, intermediaries and end users in the carbon market, services providers are also needed in the areas of quality control, legal advisory services, information and analysis and capacity building. Legal frameworks and regulatory bodies are also present.

Although the Kyoto Protocol will expire in 2012, there is general consensus that a cap-and-trade system will be established in the United States and a global carbon trading system will be a fixture in the world economy for decades. Carbon is predicted by some to become a commodity with its emissions regulated worldwide ...