Point Carbon survey shows EU ETS ‘significantly’ reducing emissions
Global carbon markets in 2006 saw transactions of 1.6 billion tonnes of carbon dioxide equivalent (CO 2 e) worth €22.5 billion, according to environmental market analyst and information provider Point Carbon, who has just completed a survey of the carbon markets
In comparison, the market in 2005 saw an estimated 799Mt CO2e, worth €9.4 billion. This year volumes could reach 2.4 billion tonnes CO2e, worth €23.6 billion, Point Carbon estimates.
In 2006, the EU ETS accounted for 62% of the volume and over 80% of the value of total carbon trading. In total, the brokered and exchanged market saw 817Mt CO2 changing hands, corresponding to €14.6 billion. Brokers traded 71% of this volume, whereas the European Climate Exchange (ECX) took over 75% of the volume
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