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People & Business :: Green Issues

Global Carbon Markets Heat Up...

1:37 PM MDT | August 22, 2007 | Chemical Week Editorial Staff

The global market for greenhouse gas emission permits and credits grew 41%, to €15.8 billion ($21.2 billion) in the first six months of 2007, compared with the year-ago period, says a study by carbon trading information firm Point Carbon (Oslo). About 1.2 billion m.t. of carbon dioxide (CO2) equivalent were traded in the first half, an increase of 45% on the same period of 2006. Two-thirds of trades by volume were under the European Union’s (EU) emissions trading scheme (ETS), where the total value of trades was €11.5 billion in the first half...

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