Global Carbon Market Rises 11 Percent, Hits Record $176B Value, World Bank Says

摘要

The value of the global carbon market grew 11 percent in 2011 to a record $176 billion, according to a report by the World Bank. An increase in overall traded volume offset near record low prices and economic volatility, the report stated. Carbon prices plummeted toward the end of 2011, largely driven by a long-term oversupply of credits in the European Union's Emissions Trading Scheme (ETS). The market was still primarily driven by the ETS.