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The latest annual reportfrom the World Bank on the global carbon market showed that in 2009 it grew to$144 billion, up 6% from 2008 despite enduring its most challenging year todate. The global economic crisis negatively impacted both demand andsupply sides and, as industrial output plummeted, the demand for carbon assetsfell. The State and Trends of the Carbon Market 2010,released on Wednesday, by the World Bank at Carbon Expo in Cologne, also saidthat on the supply side, the reduction in access to capital made it difficultfor many project developers to lock in financing. As a consequence, projectorigination ground to a halt.
The State andTrends report analyzes data from the trading of European UnionAllowances (EUAs) and secondary Kyoto offsets under the European UnionEmissions Trading Scheme (EU ETS). It also evaluates transactionsunder the Kyoto markets: Certified Emission Reductions (CERs), EmissionReduction Units (ERUs), and Assigned Amount Units (AAUs), as well as data fromvoluntary markets.
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