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Article: Global Carbon Market Predicted to Grow, With US Seeing 6% of Global CO2e Trade by Year-End.(Industry overview)
- Article from:
- Business Wire
- Article date:
- February 24, 2009
CopyrightCOPYRIGHT 2009 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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5.9Gt CO2e to trade globally in 2009--up 20% in volume--estimates Point Carbon
WASHINGTON -- The global carbon market in 2009 will grow by 20% in terms of volume, predicts Point Carbon, the leading provider of market intelligence, news, analysis, forecasting and advisory services for the energy and environmental markets.
Point Carbon forecasts that 5.9 billion tonnes (gigatonnes or Gt) of carbon dioxide equivalent (CO2e) will trade this year, compared to 4.9 Gt in 2008, an increase of 20%, according to a recent Point Carbon report--Carbon Market Analyst: Outlook for 2009. However, this increase, to 5.9 Gt, represents stabilization near the transaction ...