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New World Bank Report : Carbon market value doubles to US$64b in a year

Thursday 8 May 08 9:00am

The global carbon market grew to a whopping US$64 billion (€47 billion) in 2007, more than doubling over 2006, according to a new report from the World Bank releaed overnight.

The European Union Emission Trading Scheme (EU ETS) also saw a doubling of both value and number of allowances transacted to the tune of US$50 billion (€37 billion).

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