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Carbon trading volumes up but market value down in 2009

Trading volumes in the global carbon market grew by 37% in the first quarter of 2009, compared to quarter four of 2008, according to New Carbon Finance.

Research from the analyst showed the global carbon market grew to 1,927mt in the first quarter of this year, 128% higher than the same period in 2008. It said this was due to increased volatility in the European allowance market, as well as the physical link up of allowance registries, which enabled the EU spot market to function.

Activity in the EU ETS market grew by 54% over the same period

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