The Carbon Market

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The Carbon Market is generally confused with the Market for Clean Energy. Though the two are complementary, they are two separate market solutions to the global environmental (climate) problems. Whilst the Clean Energy market refers to investments in alternative or renewable energy sources, the carbon Market is by definition the trading in carbon and the permits to emit Green House Gasses (GHG). The Carbon Market is one of the fastest growing markets in the world today. The latest figures from the World Bank show a doubling in size in 2007, growing to US$64 billion. The market has been expanding rapidly since 1997, when the Kyoto Protocol capped emissions of greenhouse gases.

The growth of the Carbon Market has been built on both international and regional agreements. The demand for carbon assets stems from the efforts of nations and industries to meet emission reduction objectives.

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