Growth in global carbon market pauses amid uncertainty – World Bank

Monday, 6 June 2011 00:00 - - {{hitsCtrl.values.hits}}

The World Bank said last week its annual review of the global carbon market shows that 2010 was a watershed year as the market ended five years of robust growth with a slight decline compared to 2009. The State and Trends of the Carbon Market 2011, released on 1 June at Carbon Expo in Barcelona, shows that the total value of the global carbon market was estimated to be US$142 billion last year.

The report’s authors noted that several reasons help to explain the decline, including the continuing lack of clarity about the market after 2012 and the loss of political momentum on setting up new cap-and-trade schemes in several developed economies.