State and trends of the carbon market 2012
The annual report on State and Trends of the Carbon Market 2012 presents an optimistic view of the carbon market, which despite adverse conditions, still grew by 11% in 2011, amounting to US$176 billion with US$10.3 billion tons of carbon dioxide equivalent (CO2e) traded during 2011. The report was launched by the World Bank during the Carbon Expo 2012, taking place from 30 May - 1 June 2012, in Cologne, Germany. It shows that despite the financial crisis and the related oversupply of carbon credits within the EU Emissions Trading Scheme (EU ETS) as a result of economic downturn, as well as plummeting carbon prices and uncertainty about the post 2020 framework, financially motivated transactions continued to grow within the carbon market.