State and Trends of the Carbon Market Report 2012
May, 2012. Alexandre Kossoy & Pierre Guigon. Carbon Finance at the World Bank. 133 pages
The 2012 report describes a carbon market that grew in total value by 11% in 2011, to $176 billion, and where transaction volumes reached a new high of 10.3 billion tons of carbon dioxide equivalent (CO2e).
However, as expected, the market for primary CDM has dropped to its lowest level since 2004. This is linked to declining demand of offsets due to economic turbulence, a growing long-term oversupply of carbon offsets in the EU Emissions Trading Scheme and plummeting prices. While the near-term outlook for the carbon market remains gloomy, the light on the horizon is the development of new domestic and regional market mechanisms such as those passed in Australia, California, Quebec, Mexico and South Korea…
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Keywords: Other Publications, r. Financing & Distribution/ Markets, ACR, Africa, AR CDM, Asia, CDM, CER, Europe, financing, Latin America, markets, North America, Oceania, REDD, VCS, VCU, VER