(Bloomberg) -- Demand for emission credits created under the 1997 Kyoto Protocol will exceed supply in the five years through 2012, the World Bank said in a report.
Demand from European nations and companies, as well as Japan and New Zealand, will reach 2 billion metric tons of carbon dioxide equivalent, compared with 1.7 billion tons of likely supply, according to the report handed to reporters today at the Carbon Expo conference in Cologne, Germany. The value of total trading in 2006 tripled to $30 billion from 2005, the report said.
Read more at Bloomberg Energy News
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