Carbon Emissions Trading Markets Worldwide

Table of Contents

Chapter 1: Executive Summary

• Carbon Market Framework
  • Figure 1-1: Carbon Market Segmentation, 2008
• Compliance Market Regulatory Framework
  • The Kyoto Protocol
  • Figure 1-2: Kyoto Protocol Trading Mechanisms
  • European Union Emissions Trading System
  • Figure 1-3: European Union Linking Directive
  • New South Wales Greenhouse Gas Abatement Scheme
  • Regional Greenhouse Gas Initiative
• Voluntary Market Framework
  • Chicago Climate Exchange
  • Over the Counter Market
• Industry Structure and Participants
  • Figure 1-4: Carbon Market Industry Structure, 2008
• Carbon Exchanges
  • Table 1-1: Carbon Exchanges and Trading Platforms, 2008
  • Table 1-2: Currencies Traded on Global Carbon Exchanges and Trading Platforms, 2008
• Market Size and Segmentation
  • Figure 1-5: Carbon Market Volume and Value, 2004-2008 (Volume in MtCO2e; Value in $ M)
  • Figure 1-6: Carbon Market Value by Sub-Segment, 2008 ($ M)
• Carbon Market Projections
  • Figure 1-7: Carbon Market Volume and Value, 2009-2013 (Volume in MtCO2e; Value in $ M)
• Report Scope
• Report Format
• Report Methodology
• Abbreviations
  • Table 1-3: Abbreviations Utilized in Report

Chapter 2: Carbon Market Framework

• Overview
• Carbon Market Framework
  • Figure 2-1: Carbon Market Segmentation, 2008
• Compliance Market
  • Table 2-1: Emissions Trading Systems in Compliance Market, 2008
  • Regulatory Framework
  • United Nations Framework Convention on Climate Change
  • Table 2-2: UNFCCC Annex I Nations
  • Figure 2-2: UNFCCC Annex 1 Greenhouse Gas Emissions, 1990 - 2000 (% change from 1990 level)
  • The Kyoto Protocol
  • Figure 2-3: Kyoto Protocol Ratifying Nations
  • Table 2-3: Kyoto Protocol Greenhouse Gas Emissions Targets (% change from 1990 level)
  • Clean Development Mechanism
  • Figure 2-4: Clean Development Mechanism, 2008
  • Joint Implementation Mechanism
  • Figure 2-5: Joint Development Mechanism, 2008
  • International Emissions Trading
  • Figure 2-6: International Emissions Trading, 2008
  • European Union Emissions Trading System
  • Figure 2-7: European Union Allowance Trading, 2008
  • Figure 2-8: EU-ETS Allowance and Offset Trading, 2008
  • Keidanren Voluntary Action Plan
  • New South Wales Greenhouse Gas Abatement Scheme
  • Regional Greenhouse Gas Initiative
  • Compliance Market Currencies
  • Table 2-4: Emissions Equivalencies of Currencies Traded in Compliance Market, 2008
  • Table 2-5: Currencies Traded in Compliance Market, 2008
  • Certification Standards in Compliance Market
  • Registries in the Compliance Market
  • Figure 2-9: Kyoto Protocol Carbon Registries, 2008
  • Table 2-6: Registries Utilized in Compliance Market, 2008
• Voluntary Market
  • Figure 2-10: Voluntary Carbon Market Segmentation, 2008
  • Chicago Climate Exchange
  • Over the Counter Market
  • Voluntary Market Currencies
  • Table 2-7: Currencies Traded in Voluntary Market, 2008
  • Certification Standards in Voluntary Market
  • Figure 2-11: Voluntary Carbon Market Certification Standards, 2008
  • Table 2-8: Voluntary Emissions Standards, 2008
  • Chicago Climate Exchange Standard
  • Voluntary Carbon Standard
  • VER+ Standard
  • Climate, Community and Biodiversity Standard
  • Plan Vivo
  • The Gold Standard
  • Greenhouse Friendly Standard
  • Registries in Voluntary Market
  • Table 2-9: Carbon Accounting Registries in the Voluntary Carbon Market, 2008

Chapter 3: Industry Structure

• Overview
• Industry Structure and Participants
  • Figure 3-1: Carbon Market Industry Structure, 2008
  • Carbon Market Framework
  • Regulatory Bodies
  • United Nations Climate Change Secretariat
  • United Nations Clean Development Mechanism Executive Board
  • Joint Implementation Supervisory Committee
  • Compliance Committee
  • Designated National Authorities
  • Designated Operational Entity
  • Non-Governmental Organizations
  • Local Authorities
  • Suppliers
  • Project Developers
  • Table 3-1: Representative Project Developers, 2008
  • Intermediaries
  • Exchanges
  • Table 3-2: Carbon Exchanges and Trading Platforms, 2008
  • Table 3-3: Currencies Traded on Global Carbon Exchanges and Trading Platforms, 2008
  • Table 3-4: Sample Voluntary Emissions Reductions Certification Standards, 2008
  • Europe
  • Table 3-5: European Carbon Exchanges and Trading Platforms, 2008
  • European Climate Exchange
  • Nordic Power Exchange
  • European Energy Exchange
  • Energy Exchange Austria
  • BlueNext
  • Climex
  • North America
  • Table 3-6: North American Carbon Exchanges and Trading Platforms, 2008
  • Chicago Climate Exchange
  • The Green Exchange
  • Montreal Climate Exchange
  • South America
  • Table 3-7: South American Carbon Exchanges and Trading Platforms, 2008
  • Brazil Mercantile Futures Exchange
  • Asia and Australia
  • Table 3-8: Asian and Australian Carbon Exchanges and Trading Platforms, 2008
  • Asia Carbon Exchange
  • Multi-Commodity Exchange of India
  • National Commodity & Derivatives Exchange
  • The Australian Climate Exchange
  • Brokers
  • Table 3-9: Representative Carbon Market Brokers, 2008
  • Aggregators
  • Table 3-10: Representative Offset Aggregators, 2008
  • Financial Institutions
  • Table 3-11: Representative Private Sector Financial Companies Active in Carbon Market, 2008
  • Multilateral Development Banks
  • Carbon Funds
  • Carbon Finance Product Offerings
  • Buyers
  • Compliance Market Buyers
  • Voluntary Market Buyers
  • Industry Services
  • Validation and Verification Services
  • Information, Analysis, and Legal Advisory Services
  • Table 3-12: Representative Consulting Firms Active in Carbon Market, 2008
  • Table 3-13: Representative Legal Advisory Service Companies Active in Carbon Market, 2008

Chapter 4: Market Sizing and Segmentation

• Overview
• Market Size and Segmentation
  • Figure 4-1: Carbon Market Volume and Value, 2004-2008 (Volume in MtCO2e; Value in $ M)
  • Figure 4-2: Carbon Market Value by Segment, 2008 ($ M)
• Compliance Market Segments
  • Figure 4-3: Kyoto Protocol Trading Mechanisms
  • International Emissions Trading
  • European Union Emissions Trading System Market
  • Figure 4-4: EU ETS Carbon Market Volume, 2004 to 2008 (MtCO2e)
  • Figure 4-5: European Union Linking Directive
  • Clean Development Mechanism Market
  • Figure 4-6: Clean Development Mechanism, 2008
  • Figure 4-7: Certified Emissions Reductions Issued by Project Type (% of total)
  • Figure 4-8: Certified Emissions Reduction Volume, 2004 to 2008 (MtCO2e)
  • Joint Implementation Market
  • Figure 4-9: Joint Development Mechanism, 2008
  • Figure 4-10: Emissions Reduction Units Registered by Project Type (% of total)
  • Figure 4-11: Emissions Reduction Unit Volume, 2004 to 2008 (MtCO2e)
  • New South Wales Greenhouse Gas Abatement Scheme Market
  • Figure 4-12: New South Wales Greenhouse Gas Abatement Scheme Volume, 2004 to 2008 (MtCO2e)
  • Regional Greenhouse Gas Initiative Market
  • Figure 4-13: Regional Greenhouse Gas Initiative Market Volume, 2004 to 2008 (MtCO2e)
• Voluntary Market Segments
  • Chicago Climate Exchange
  • Figure 4-14: Chicago Climate Exchange Volume, 2004 to 2008 (MtCO2e)
  • Over the Counter Market
  • Figure 4-15: Over the Counter Market Volume, 2004 to 2008 (MtCO2e)
• Market Price Trends
  • Figure 4-16: Carbon Market Price Trends, 2007-2008 ($/tCO2e)
• Carbon Market Projections
  • Figure 4-17: Carbon Market Volume and Value, 2009-2013 (Volume in MtCO2e; Value in $ M)
  • Figure 4-18: Carbon Market Value by Segment, 2013 ($ M)
  • Kyoto Protocol Post 2012
  • UNFCCC Conference in Poznan
  • European Union Emissions Trading System
  • Figure 4-19: European Union Trading System Market Volume, 2009 to 2013 (MtCO2e)
  • Key Drivers of EUA Demand and Price
  • Clean Development Mechanism Market
  • Figure 4-20: Certified Emissions Reduction Volume, 2009 to 2013 (MtCO2e)
  • Joint Implementation Market
  • Figure 4-21: Joint Implementation Volume, 2009 to 2013 (MtCO2e)
  • North American Markets
  • California Global Warming Solutions Act of 2006
  • Hawaii Global Warming Solutions Act of 2007
  • Minnesota Next Generation Energy Act of 2007
  • Regional Greenhouse Gas Initiative
  • Figure 4-22: Regional Greenhouse Gas Initiative Market Volume, 2009 to 2013 (MtCO2e)
  • Western Regional Climate Action Initiative
  • Midwestern Greenhouse Gas Accord
  • Potential United States Federal Cap and Trade System
  • Figure 4-23: United States Federal Cap and Trade System Market Volume, 2009 to 2013 (MtCO2e)
  • Australian Carbon Market
  • Figure 4-24: Australian Carbon Market Volume, 2009 to 2013 (MtCO2e)
  • Japan
  • Figure 4-25: Japanese Carbon Market Volume, 2009 to 2013 (MtCO2e)
  • The Chicago Climate Exchange
  • Figure 4-26: Chicago Climate Exchange Market Volume, 2009 to 2013 (MtCO2e)
  • Over-the-Counter Market
  • Figure 4-27: Over the Counter Market Volume, 2009 to 2013 (MtCO2e)

Chapter 5: Company Profiles

• Overview
  • Table 5-1: Companies Profiled

3 Degrees Incorporated

• Table 5-2: 3 Degrees Incorporated Profile
• Corporate Background
• Product and Brand Portfolio
• Performance
• Company News
• Acquisitions and Divestitures
• Innovation
• Outlook
• Personnel Changes

APX Incorporated

• Table 5-3: APX Incorporated Profile
• Corporate Background
• Product and Brand Portfolio
• Performance
• Company News
• Acquisitions and Divestitures
• Innovation
• Outlook
• Personnel Changes

Baker & McKenzie

• Table 5-4: Baker & McKenzie Profile
• Corporate Background
• Product and Brand Portfolio
• Performance
• Acquisitions and Divestitures
• Innovation
• Outlook
• Personnel Changes

Blue Source

• Table 5-5: Blue Source Profile
• Corporate Background
• Product and Brand Portfolio
• Performance
• Company News
• Acquisitions and Divestitures
• Innovation
• Outlook
• Personnel Changes

CantorCO2e LLC

• Table 5-6: CantorCO2e Profile
• Corporate Background
• Product and Brand Portfolio
• Performance
• Company News
• Acquisitions and Divestitures
• Innovation
• Outlook
• Personnel Changes

Climate Focus

• Table 5-7: Climate Focus Profile
• Corporate Background
• Product and Brand Portfolio
• Performance
• Acquisitions and Divestitures
• Innovation
• Outlook
• Personnel Changes

Credit Suisse

• Table 5-8: Credit Suisse Profile
• Corporate Background
• Product and Brand Portfolio
• Performance
• Company News
• Acquisitions and Divestitures
• Innovation
• Outlook
• Personnel Changes

EcoSecurities Group plc

• Table 5-9: EcoSecurities Group Profile
• Corporate Background
• Product and Brand Portfolio
• Performance
• Acquisitions and Divestitures
• Innovation
• Outlook
• Personnel Changes

Equator LLC

• Table 5-10: Equator LLC Profile
• Corporate Background
• Product and Brand Portfolio
• Performance
• Acquisitions and Divestitures
• Innovation
• Outlook
• Personnel Changes

Evolution Markets

• Table 5-11: Evolution Markets Profile
• Corporate Background
• Product and Brand Portfolio
• Performance
• Acquisitions and Divestitures
• Innovation
• Outlook
• Personnel Changes

Fortis

• Table 5-12: Fortis Profile
• Corporate Background
• Product and Brand Portfolio
• Performance
• Company News
• Acquisitions and Divestitures
• Innovation
• Outlook
• Personnel Changes

MGM International

• Table 5-13: MGM International Profile
• Corporate Background
• Product and Brand Portfolio
• Performance
• Company News
• Acquisitions and Divestitures
• Innovation
• Outlook
• Personnel Changes

Natsource

• Table 5-14: Natsource Profile
• Corporate Background
• Product and Brand Portfolio
• Performance
• Acquisitions and Divestitures
• Innovation
• Outlook
• Personnel Changes

RNK Capital LLC

• Table 5-15: RNK Capital LLC Profile
• Corporate Background
• Product and Brand Portfolio
• Performance
• Acquisitions and Divestitures
• Innovation
• Outlook
• Personnel Changes

Sterling Planet, Incorporated

• Table 5-16: Sterling Planet, Incorporated Profile
• Corporate Background
• Product and Brand Portfolio
• Performance
• Acquisitions and Divestitures
• Innovation
• Outlook
• Personnel Changes

Tradition Financial Services / TFS Energy / TFS Green

• Table 5-17: Tradition Financial Services/TFS Energy/TFS Green Profile
• Corporate Background
• Product and Brand Portfolio
• Performance
• Acquisitions and Divestitures
• Innovation
• Outlook
• Personnel Changes

TUV SUD America

• Table 5-18: TUV SUD America Profile
• Corporate Background
• Product and Brand Portfolio
• Performance
• Acquisitions and Divestitures
• Innovation
• Outlook
• Personnel Changes