It’s a buyers market! Point Carbon says that the volume carbon trading in the first half of 2009 is 124% higher than the first half of 2008. Trading in the ETS is largely responsible for the growth — trading there is up 140% — because many companies involved rapidly sold off credits early this year to generate liquid capital (see our February 12, 2009 edition). Outside the EU, the first half of the year was less rosy for CER developers. The value of projects developed under CDM fell by 28%, even as the number of credits they generated increased 28%. (Source: Carbon Finance, July 8, 2009)
Contact: Point Carbon, North American offices, (202) 289-3930, [email protected], www.pointcarbon.com.