Global carbon market grew 80 percent, influencing businessMarch 16th, 2008 - 12:20 pm ICT by admin
By Joydeep Gupta
New Delhi, March 16 (IANS) The global carbon market was worth $60 billion in 2007, up by 80 percent from 2006. And market analysts feel carbon prices have now become an important factor in the operating and investment decisions of companies. The volume of carbon traded increased by 64 percent from 1.6 Gt (1.6 billion tonnes) in 2006 to 2.7 Gt in 2007.
Releasing the figures after an international survey, Point Carbon, a US-based analyst of the market, said that there was a “generally bullish sentiment on carbon, not necessarily reflected in current market prices”.
Tags: bullish sentiment, carbon dioxide emissions, carbon emissions, carbon prices, carbon trading, cleaner technology, climate change, developed country, emission reductions, emissions trading scheme, global carbon, greenhouse gas, international survey, international treaties, investment decisions, joydeep, market analysts, s market, survey point, survey respondents