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Global Carbon Policy Handbook 2010 - Policies Driving the Growth of Carbon Trading Markets
by GlobalData on Apr 21, 2010
The global carbon market experienced strong growth between 2007 and 2008 due to the expansion of allowance markets. The EU ETS experienced robust growth during this period. The carbon market will grow significantly beyond 2012 due to the EU’s initiatives to build worldwide carbon trading mechanisms, the prospective US Federal cap-and-trade program and the strong emergence of other regional market trading mechanisms.
In April 2010, Britain announced the new CRCEES, a mandatory scheme for 5,000 companies to evaluate, assess and report energy usage and carbon emissions. The scheme is being introduced to reduce 4 million tonnes of GHG emissions and achieve GBP 1 billion in corporate savings from electricity bills. From April 2010, companies are mandated to measure and assess the energy usage and carbon emissions from their energy usage. These emissions need to be reported to the UK Environment Agency. Companies failing to register or report or exceeding emission targets...Read More >>
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The Global Carbon Trading Market: Concepts, Regulations and Industry Trends to 2020
by GBI Research
Regulatory efforts to mitigate climate change have spawned an emerging carbon market that was valued at $10.9 billion in 2005 and grew at compound annual growth rate (CAGR) of 89% to reach $138.3 billion in 2009. The global carbon market doubled for two consecutive years form $31.2 billion in 2006 to $63 billion in 2007 and $126.3 billion in 2008 due to the expansion of allowance markets. The European Union (EU) Emission Trading System (ETS) experienced a robust growth during this period. However, the recession in the global economy contained the impressive growth of the global carbon...
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