carbon-trading-increases-in-first-half-of-2009

Carbon trading increases in first half of 2009

Trading volume is up, but it's largely thanks to activity in Europe.

The headline news looks good The global carbon market in the first half of 2009 grew by 124% in terms of volume and by a healthy 22% in terms of value, according to Point Carbon, a provider of market intelligence and advisory services for the energy and environmental markets.

The financial value of the global carbon market rose to 46 billion $65 billion in the first six months of the year.

However, one of the reasons for the increased trading is because the global financial crisis is prompting people to sell their surplus allowances.

Prices are lower due to the economic slowdown but volumes are much higher as many...

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