Wednesday, May 2, 2007

Carbon market tripled in 2006 - World Bank

(Reuters) - The global carbon market last year tripled to $30 billion from $11 billion in 2005, the World Bank's carbon finance unit said on Wednesday.

The emissions trading scheme of the European Union, the world's largest carbon market, accounted for $24 billion, up from $8 billion, the Bank said in a report presented at a news conference during a trade fair in Cologne.


Read more at Reuters Africa

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