Carbon Market Still Growing Despite Uncertainties

Law360, New York (January 29, 2010, 6:09 PM EST) -- Despite an inconclusive Copenhagen climate summit, along with a cap-and-trade bill that has stalled in the U.S. Senate, the global carbon market will be worth about 30 percent more in 2010 than it was a year earlier, according to a recent report.

The report, released Friday by market analysis firm Point Carbon, forecast that the global carbon market would be worth €121 billion ($170 billion) in 2010, up from €91 billion in 2009, €93 billion in 2008, €40 billion in 2007, €22 billion in 2006 and...
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