State and trends of the carbon market 2009

The carbon market doubled to $126bn, but the value of transactions financing project-based emission reductions fell 12% to $6.5bn in 2008. Difficulties in getting financing for projects during the financial crisis, regulatory delays and the market's uncertain future caused the drop. World Bank is working to deepen the reach of the carbon market with two new facilities. Even amid financial crisis, the carbon market still boomed. The World Bank

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