Friday, March 14, 2008

Carbon trade could jump 56 per cent

From Herald News Services

Published: Wednesday, March 12, 2008

Global trade in carbon dioxide emissions could reach 3.8 billion tonnes this year, a 56 per cent increase from 2007, according to a report from Point Carbon, an Oslo-based research and publishing firm.

The report released Tuesday includes a survey of the carbon market in which more than 70 per cent of respondents predict a global climate agreement by 2012. That's the year the Kyoto Protocol expires.

The survey was conducted over the Internet from Jan. 18 to Feb. 6, according the report. Of the 3,700 respondents, 40 per cent said they trade carbon permits and six per cent represent financial institutions

Link : http://www.canada.com/calgaryherald/news/calgarybusiness/story.html?id=0a83f5ad-fcbb-42f9-918d-17a61cd97571

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