Global CO2 market grew 6% to 144bln in 2009

The global market for carbon emissions grew by 6 percent to $144 billion last year, from $135 billion in 2008, the World Bank said on Wednesday. The European Union's emissions trading scheme, the world's biggest, grew by 18 percent to $118 billion from $101 billion, the bank said in a report.
Greenhouse gas emissions cuts in developing nations funded by carbon finance fell by half to 211 million tonnes in 2009, down from 404 million in 2008 and 552 million in 2007.
The sovereign Kyoto emissions rights market (AAU) rose to $2 billion from $276 million, while the United States' Northeast regional carbon market (RGGI) ballooned to $2.2 billion, up from $200 million in 2008. Source: Reuters