Carbon Trading Systems and CDMs Brazil

Abstract

According to Global Point Carbon, the global carbon market had revenues of US$ 34.5 billion in 2006. Moreover, according to Point Carbon, the European ETS accounted for no less than 60.0 percent of the volume, and over 80.0 percent of the value, transacting 1 billion tons of carbon dioxide worth nearly US$ 27.0 18 billion. This was a substantial growth of 24.3 percent in CO2 volume when compared to 2005.