Mandatory and voluntary carbon markets see significant growth in 2007
15th May 2008
Both the mandatory and voluntary carbon markets saw significant growth in 2007, though the voluntary market experienced the biggest boost, tripling in value with even more expansion expected.
The voluntary carbon market is still a small part of all carbon buying and trading, with a value of $331 million in 2007. The two major mandatory markets - the Kyoto Protocol’s Clean Development Mechanism and European Union Emission Trading Scheme - were valued at $64 billion last year. But although the mandatory markets doubled in value, from about $31 billion, the voluntary markets more than tripled from its 2006 value of $97 million.
