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World Bank Carbon Market Report |
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World Bank carbon report gives a clear picture of the carbon market. Investments, both public and private, have led to an increase in the value of carbon to US$30 billion as on 2006. However, more investments and a planned approach for development of carbon emissions is necessary.
The World Bank carbon market report basically shows the state and trends in the carbon market. Growing awareness amongst nations regarding reduction of carbon emission has made the report extremely important. Through the report one can analyze where the carbon market is heading too.
The World Bank carbon market report, 2007 indicates that the value of the carbon market in the year 2006 was around US$30 billion. This was 3 times greater than that the value for the year 2005. Sale and resale of European Union Allowances, valuing nearly $25 billion, dominated the carbon market as mentioned in the report.
The report also pointed out the fact that there was an increase in the projects under the Clean Development Mechanism (CDM) as well as Joint Implementation (JI). The value of these projects was about $5 billion as on 2006.
Capital market as well other investors have been attracted by the carbon market and up coming related markets for commodities and clean technology. The market has also evoked a positive response from investors in the US. Many public companies dealing in carbon are on the path of growth and development and are yet to register profits.
Inspite of such a favorable situation, a deep transformation is required in the carbon sector due to the vastness of the issues related to climatic changes. Public and private investments for carrying out research and development of new technology, changes in economic policies, planned approach to separate economic growth from emission development and elimination of defective subsidies for high-carbon fuels and technologies are required.
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