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Article: Point Carbon: Global Carbon Market Worth EUR 2 trillion (USD $3.1 trillion) by 2020.(Industry overview)
- Article from:
- Business Wire
- Article date:
- May 22, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A massive 67%, or EU1.25 trillion (USD $2.3 trillion), could be transacted in US ETS alone
OSLO, Norway -- With the introduction of a greenhouse gas cap-and-trade scheme in the US, global carbon markets could be worth almost EU2 trillion (USD $3.1 trillion), with total transaction volume forecast at 38 billion tonnes carbon dioxide equivalent (Gt CO2e) per year by 2020, according to Point Carbon, the leading provider of market intelligence, news, analysis, forecasting and advisory services for the energy and environmental markets.
According to the estimates, some 67% of this EU2 trillion (USD $3.1 trillion), equivalent to EU1.25 trillion (USD $2.3 ...