There is a new wave of entrepreneurs aiming to get rich by
saving the rainforests. Richard Lofthouse reports
Ever wanted to get rich by doing absolutely nothing? In a bizarre way that’s what a bunch of new entrepreneurs and large corporations are trying to do. The formula is ridiculously simple: buy up or lease a tract of rainforest, prop up a deckchair and watch it grow. Put a financial price on its mere existence and sell a range of ‘products’ – called ecosystem services – to polluters. If trees could hear, they’d be setting up trade unions.
|
Carbon prices at all time low as of - 09 Feb 2009
Carbon price close to record low as European sell-off continues
Experts predict €10 EUAs could represent good deal for long-term investors
The price of carbon allowance in the EU emissions trading scheme (ETS) was at close to record lows in trading this morning as weak energy commodity prices and a continued sell-off of allowances from heavy industry continued to drive down the price.
|
Carbon credits - what they do for usP. T. Barnum is attributed with saying "There's a sucker born every minute" although, he, as the source of this quote is in dispute. Were he alive today, I suspect he would abandon the circus business and jump into carbon credits and carbon trading.
|
...market makes mega-pollution cheap
Europe's system to edge up the cost of emissions and boost green energy has backfired. There isn't much time to rescue it
|
Es wird ernst: Am 15. Februar 2009 war Abgabetermin für die ersten normalen Stellungnahmen der Staaten zum Nachfolgeprotokoll von LULUCF. Der Bereich LULUCF wird und wurde in der AWG-KP viel diskutiert – österreichische Beiträge dazu findet man allerdings nur sporadisch. Somit ist klar, dass jetzt etwas geschehen muss – spätestens bis Mitte 2009 sollten die Länder wissen, was auf sie zukommt und welche Optionen für sie die besten sind.
|
Stimulus Plans to foil Climate Change ProgramsEconomic stimulus plans being rolled out across the world could commit countries to rapid growth in greenhouse gas emissions, cancelling some of the green initiatives included within them, analysis has found.
|
Climate killer toilet paper You can find the related articles >>here<< and >>here<<
Soft toilet paper is ruining the planet--huh?
Allen Hershkowitz, Senior Scientist at the Natural Resources Defense Council (NRDC) and (I perceive) a long time enemy of the forest products industry, pronounced last week that using soft toilet paper is harmful to the planet's health.
On one hand, I am encouraged that we have cleaned up our act to the point that what we use to clean our behinds is all Hershkowitz apparently has left to complain about. On the other, thanks for hitting our fine industry when it's down, Allen.
|
The free market has got us into this mess, and the free market will get us out of it.
This nonsensical idea is at the heart of all carbon trading measures, the Rudd government’s Carbon Pollution Reduction Scheme (CPRS) included.
|
US Black liquor subsidies worries sectorA federal program intended to promote the use of renewable fuels is instead encouraging U.S. paper companies to pursue some rather "un-green" practices, such as substituting virgin pulp for recycled pulp.
|
Trees instead of ethanol...It didn't take long for the debate on biofuels to heat up again, despite the bottom-of-the-barrel price of oil and an economy in the drink. This time, it was a study published in the February issue of Science that said corn-based ethanol could add nearly twice as many greenhouse emissions as fossil fuels. Not to be left out, the California State Regulators, among others, have jumped into the fray and now seem ready to declare that biofuel will not help reduce global warming.
|
Apr 23, 2009: New study warns that forests are at risk of becoming net sources of carbon instead of net sinks
|
Carbon trading activity doubles over year in spite of price fallsThe carbon market showed a remarkable growth spurt in the first quarter of this year, with trading volumes up 37 per cent, new data show. Trading was driven by price volatility and companies selling carbon permits to raise short-term cash.
|
REDD carbon trading - the next bluff of finance markets?LONDON/NUSA DUA, Indonesia (Reuters) - It could save the rainforests of Borneo, slow climate change and the international community backs it. But a plan to pay tropical countries not to chop down trees risks being discredited by opportunists even before it starts.
|
Britain’s faith in carbon trading as a way of reducing greenhouse gases could be dangerously misplaced, according to an independent academic working with the Department of Energy and Climate Change.
|
UK kicks Climate debate in front of CopenhagenGordon Brown puts $100bn price tag on climate adaptation. Prime minister attempts to move stalling political talks on global warming away from targets and towards the cost of mitigation.
|
Understanding carbon offsets
|
Implications of the Markey-Waxman billImplications of the American Clean Energy and Security Act for conservation
June 26, 2009:Following today's passage of the American Clean Energy and Security Act (ACES) by the House of Representatives, The Nature Conservancy released a set of questions and answers with Mark Tercek, its chairman and CEO.
|
Carbon Cap and Trade - green gambling?You've heard of credit default swaps and subprime mortgages. Are carbon default swaps and subprime offsets next? If the Waxman-Markey climate bill is signed into law, it will generate, almost as an afterthought, a new market for carbon derivatives. That market will be vast, complicated, and dauntingly difficult to monitor. And if Washington doesn't get the rules right, it will be vulnerable to speculation and manipulation by the very same players who brought us the financial meltdown.
|
Voluntary carbon markets - be advised to carefully choose your credits!PORT MORESBY, Jul 30, 2009 (AsiaPulse via COMTEX) -- The pristine forests of Papua New Guinea could be worth billions of dollars a year in carbon trading but potentially lucrative projects are on hold amid court orders and a government investigation.
|
Just think about forests and carbon markets...How much pollution can a tree absorb? The question is at the center of a high-stakes fight over how much it will cost to curb climate change -- and who will foot the bill.
Trees are nature's antidote to smokestacks and tailpipes. Factories and cars cough out carbon dioxide, a greenhouse gas produced when fossil fuel is burned. Trees inhale it. They store the carbon in their roots, trunks and leaves, and they send the oxygen back into the air.
|
Prince Charles Gives $2.8b To Preserve Rain ForestsKaranganyar, Central Java. Britain’s Prince Charles has set aside 2 billion euros ($2.8 billion) to help Indonesia and other developing countries preserve their rain forests, State Minister for the Environment Rachmat Witoelar said on Thursday.
|
Higher Carbon Dioxide May Give Pine Trees A Competitive EdgeScienceDaily (Aug. 4, 2009) — Pine trees grown for 12 years in air one-and-a-half times richer in carbon dioxide than today's levels produced twice as many seeds of at least as good a quality as those growing under normal conditions, a Duke University-led research team reported Aug. 3 at a national ecology conference.
|
Brazil still against REDD - but not against fighting deforestation...While committed to stopping deforestation, Brazil sees a carbon trading scheme as the wrong way to proceed. On climate change mitigation, it wants commitments to reflect historic emissions.A scheme that would allow developed nations to gain carbon credits by supporting forest conservation is on the agenda of the UN conference in Copenhagen this December, but the home country of the Amazon, the world’s largest forest, now turns its thumb down.
|
Seeing Through the Haze:How NGOs Work the ForestsAs they do every year, Greenpeace and nongovernmental organizations like “Eyes on the Forest,” which is supported by the WWF and other western environmental groups, have squarely blamed the plantation industry for the seasonal fires in Sumatra.
This generates sympathy for the anti-forestry campaign NGOs have been waging in Indonesia for many years, which pits economic development against the environment.
But this perspective is simplistic and wrong.
|
The other black [green] goldIn Brazil’s Amazon basin, farmers have long sought out a special form of fertiliser – a locally sourced compost-like substance prized for its amazing qualities of reviving poor or exhausted soils. They buy it in sacks or dig it out of the earth from patches that are sometimes as much as 6ft deep. Spread on fields, it retains its fertile qualities for long periods.
|
Biochar - Menace or Redeemer?Sometimes you have to hand it to capitalism. It’s sheer magic, the way the system takes promising concepts, steeps them in the transformative power of the market – and turns them into howling social and environmental disasters.
|
Rainforest Nations hopeful over Copenhagen dealCoalition for Rainforest Nations downplays concerns surrounding plans to include forestry in the carbon market
|
FEATURE-Carbon traders bet on California redwoods GARCIA RIVER FOREST, Calif., Aug 21 (Reuters) - A stand of young redwoods, survivors in what was once a magnificent forest of towering giants, could play a small part of the battle to slow global warming -- and forms part of an emerging market.
|
Payments for Ecosystem Services (PES) and REDD - Latin America in the leadThis fall, professionals in PES and REDD are headed south. From across the globe practitioners and policymakers in environmental markets are booking flights to Colombia, Costa Rica, Argentina, Bolivia, and Mexico to discuss the future of our world's ecosystems. In several cases, this is the first time that Latin America is serving as host to these international conferences on environmental markets. With a strengthening regional economy and four out of five of the world's most bio-diverse countries, Latin America is becoming a major player in REDD and PES.
|
Carbon Trading Scheme Pushing People off Their LandMOUNT ELGON, Uganda, Aug 31 (IPS) - With the world’s attention focused on climate change, one of the methods suggested to reduce global carbon emissions is causing the displacement of indigenous persons as western companies rush to invest in tree-planting projects in developing countries.
|
The Ability of World Forests to Capture and Store CarbonNature knows how to capture and store carbon and has been doing so effectively for mellenia. We need this capacity in order to help us resolve the climate crisis we have created.
|
Rainforests: Carbon Sink or Carbon Source?Mornings here at La Selva Biological Station, Terry McGlynn counts bugs.
|
Brazil and Guyana to bridge the gap!
Economic incentives for countries such as Brazil and Guyana could provide the answer to a complex environmental problem
|
Opponents have always maintained offset of carbon emissions like this...
|
For heaven's sake - Investment Banks jump into carbon trading markets!Mark Tercek left Goldman Sachs after a long and successful career midway through 2008, just before the global financial meltdown. Good timing, except that Tercek moved on to become the president and CEO of The Nature Conservancy, the world’s biggest environmental organization, as the global climate crisis is intensifying.
|
UN strips SGS UK of accreditation for carbon project certificationThe legitimacy of the $100 billion (£60 billion) carbon-trading market has been called into question after the world’s largest auditor of clean-energy projects was suspended by United Nations inspectors.
|
Africa's first CDM forest projectTrees will return to a vast eroded grassland in Uganda as Africa's first Clean Development Mechanism forestry project evolves.
|
First developing countries proposals for LULUCF in BangkokAfter nearly two years of developed countries discussing different options for rule changes for this sector, and not getting much farther than more clearly articulating the options that suit each country best, G77 and China said enough is enough and drew a line in the sand:
|
Emission Capture Study Funded for Paper IndustryWALLULA, Wash., Oct. 13 /CNW/ -- Battelle and Boise Inc. (NYSE: BZ) will conduct the first-ever feasibility study of new carbon capture and storage technology in the $140 billion pulp, paper and paperboard industry, under a $500,000 project announced by the Department of Energy (DOE).
|
Finnish forests may be calculated as sources for carbon after CopenhagenOne model for calculations in climate change negotiations would cause one thousand million euros’ loss for Finnish forestry sector - over half of annual logging revenues. (LULUCF)
|
Offset potential from forests hugely overestimatedBolivian flagship project in forest conservation has only achieved 11 percent of its planned carbon offsetting. Greenpeace: A scam.
|
FIP: Developing nations join West in deforestation fightWASHINGTON (AFP) – Six developing countries will join five western nations, including the United States and Britain, to combat climate change by better managing forestry resources, the World Bank said Tuesday.
|
Three South American nations promise to halt deforestationBUENOS AIRES, Argentina – Three South American nations announced a joint plan Tuesday to establish protected zones in the vast Atlantic Forest as part of an effort to halt deforestation by 2020.
|
Bäume fällen für das KlimaEine kluge Forstwirtschaft könnte Deutschlands CO2-Ausstoß deutlich senken
|
A new climate treaty could provide a highly effective way to reduce carbon emissions by paying people to not cut down forests
|
Emissions from forest loss overstatedTHE recent climate talks in Bangkok, Thailand, highlighted the clear differences between developing countries and some developed countries and NGOs on forestry.
|
Environmental group disputes effectiveness of REDD projectA major private-sector project to reduce carbon emissions through forest management in Bolivia is a ‘scam’, environmental group Greenpeace said in a report released earlier this month. The NGO claims that the environmental and social benefits of the initiative have been grossly oversold, although the project sponsors - along with some other green groups - insist that the efforts have been worthwhile.
|
Russia agrees to a deal in Copenhagen – under certain conditionsPrime Minister Vladimir Putin insists that the capacity of Russia’s forests for absorbing carbon dioxide must be taken into account.
|
Voluntary carbon credits go globalHaving overcome various technical problems, the regional markets for voluntary carbon credits are now united. Traders are hoping for a future US scheme to enlarge the market.
|
Senegalese NGO plants 34 million mangrovesDAKAR — A Senegalese environmental NGO announced on Friday that it had planted 34 million mangrove trees in three months in a project largely financed by French dairy giant Danone to offset its carbon footprint.
|
So what - is carbon trading working or not?
|
Is Earth's Capacity To Absorb CO2 Much Greater Than Expected?The research, by Bristol University, suggests that despite rising emissions, the world is is still able to store a significant amount of greenhouse gases in oceans and forests.
|
Trees in far north provide biggest climate benefit CHAMPIONS of carbon offsetting may have been barking up the wrong tree. It is generally assumed that the tropics are the best place to plant forests in order to sequester carbon and cool the planet, but a study of the effects of tree planting is casting doubt on this idea.
|
Ecotourism may be a solution to the tourism industry’s climate threat Tourism is considered to be a highly climate-sensitive economic sector similar to agriculture. This has encouraged industry players to look at new ways to respond effectively to these problems.
|
Sustainable Forest Management increasingly important for Climate-Change Mitigation Expert-Level Meeting of the Ministerial Conference on the Protection of Forests in Europe (MCPFE) highlights crucial role of European Forests
FOREST EUROPE: New brand name for the Ministerial Conference on the Protection of Forests in Europe (MCPFE)
|
Faulty systems at the Bank's Forest Carbon Partnership FacilityAs the Bank seeks to position itself as the vehicle of choice for future climate finance, the experience of the Forest Carbon Partnership Facility (FCPF) calls its competence into question.
|
Voluntary Carbon Markets for dummiesLONDON (Reuters) - Buyers of offsets in the global voluntary carbon market are showing increased interest in so-called exotic and U.S. credits, market players said on Wednesday.
|
Forestry's Growing Role in Carbon FinanceOne of the bright spots at the Copenhagen climate change summit could be the establishment of a scheme to protect forests and their carbon-absorbing capacity
|
Temperate and Boreal Forests - still a considerable carbon sink!A new report states that boreal forests store nearly twice as much carbon as tropical forests per hectare: a fact which researchers say should make the conservation of boreal forests as important as tropical in climate change negotiations.
|
New model for climate funding - The Mexican-Norwegian Proposal Norway and Mexico launch a joint model to provide predictable funding for climate actions in developing countries, starting in 2013.
|
As emissions increase, carbon 'sinks' get cloggedWorld's oceans, forests becoming less able to absorb CO2
|
Carbon trading situation at Q4/2009The agreement achieved at the Copenhagen climate summit leaves business leaders around the world close to where they began, facing uncertainty about how environmental policy will affect their costs and decisions about investments.
|
2009: a year in review of rainforest protection2009 may prove to be an important turning point for tropical forests.
Lead by Brazil, which had the lowest extent of deforestation since at least the 1980s, global forest loss likely declined to its lowest level in more than a decade. Critical to the fall in deforestation was the global financial crisis, which dried up credit for forest-destroying activities and contributed to a crash in commodity prices, an underlying driver of deforestation.
|
Do they think we are all idiots?
Falling carbon price could result in higher bills, energy firms warn
|
South American Environmental Trusts Join Columbia Center to Create Amazon Forest Carbon CreditsFive environmental trust funds in Bolivia, Brazil, Colombia, Ecuador and Peru have joined with Columbia University’s Center for Environment, Economy, and Society to establish the Amazon Forest Carbon Partnership, a collaboration to reduce carbon emissions and provide an economic alternative for forest dwelling communities and commercial enterprises in the Amazon. The issue of forest carbon credit, in which wealthy countries offset their emissions by compensating land holders for preserving forests, was a core point of negotiations at the global climate summit in Copenhagen.
|
TREES are one of the most efficient systems of carbon capture and storage on the planet. They breathe in carbon dioxide and breathe out oxygen, locking the carbon into their roots, trunk, branches, twigs and leaves and the soil. They are so good at this that about 20% of the greenhouse gases entering the atmosphere can be attributed to deforestation. In the run-up to the climate talks in Copenhagen in December, bright minds around the world are negotiating a formal scheme for reducing the loss of trees as a way of lowering the world’s carbon emissions.
|
Issue date: Thu Jan 14, 2010 12:35pm EST Forest CO2 markets are in balanceLONDON (Reuters) - The global market for carbon offsets from planting trees and preserving forests, worth nearly $150 million to date, could stall without a U.S. climate bill or a successor pact to the Kyoto Protocol, a report said on Thursday.
|
Issue date: Saturday, January 16, 2010 Guyana government has sought the immediate removal of Bulkan from the World Bank's TAPThe Guyana government has expressed its concerns to the World Bank Forest Carbon Partnership Facility about a Suriname map that includes part of Guyanas sovereign territory and has deemed it an “ unprovoked insult.” The map was part of a presentation at a forum of the World Bank [probably the Participants Committee of the World Bank’s Forest Carbon Partnership Facility, 26-28 October 2010, agenda item PC4].
|
|
Firms Partner to Develop Carbon Offsets From Forests in Arkansas, MissouriSAN DIEGO - A California firm and a Missouri company are collaborating to develop carbon offsets from more than 300,000 acres of privately owned forest in the Ozarks Mountains of Arkansas and Missouri.
|
Using woodlands to cut emissionsThe UK is one of the least forested countries in Europe. The growing maturity of UK woodlands means that carbon sequestration is falling rapidly.
|
Soil contributes to climate warming more than expected - Finnish research shows a flaw in climate modelsFinnish Environment Institute, Finnish Forest Research Institute and the Dating Laboratory of the Finnish Museum of Natural History at the University of Helsinki
|
Issue date: Friday, February 26, 2010 Conservation projects displace localsSeveral years ago three U.S. companies sank millions of dollars into a forest reserve in southern Brazil to earn credits to cover some of their carbon emissions back in America. How does the scheme work on the ground? Michael Montgomery reports in collaboration with Mark Schapiro.
|
Issue date: Thursday, February 25, 2010 Calculating the value of carbon in treesDelegates at the global climate summit failed to figure out a way to stop the destruction of the world's forests. But some lawmakers think they have a solution, and it relies on financing from some of America's biggest polluters.
|
Issue date: Thursday, 25 February 2010 New Zealand leads on forest carbonWhile cap-and-trade legislation stalls in the US and Australia, Copenhagen’s limited progress holds back REDD, and the inflexibilities of the Kyoto Protocol’s CDM keeps a lid on reforestation act
|
Noel Kempff project is 'saving the forest' by forcing destruction elsewhereForest conservation project in Bolivia proves that unless a nation as a whole cuts deforestation, individual carbon offset schemes are worthless.
|
The Stakes of Carbon Trading Are Losing Their Sizzle NEW YORK -- Global carbon dioxide emissions offsetting markets are fast losing their luster in the minds of investors, both in the United States and abroad.
|
Carbon forestry: Foresters should not succumb to the temptations of easy money for carbon sequestrationThe threat of climate change is now overwhelming the dialogue on forest policy. Forests, like other ecosystems, will be affected by temperature increase. But the dimension that is receiving much more attention is their role as a store for carbon.
|
RPT-UN panel suspends 2 more carbon emissions auditorsLONDON, March 26 - The reputation of a Kyoto Protocol carbon finance scheme was dealt another blow after a UN climate panel late on Friday suspended the third emissions cut verifier in 15 months, and partially suspended a fourth.
|
Nepal's forests: Selling carbon credits Nepal, like any other developing country, now could sell carbon credits in the global market by way of reducing its contemporary deforestation and degradation rates and by way of forest conservation and enhancement. It sounds too good to be true? No, surely not.
|
Nestle Waters (Vittel): Carbon offsetting programmes in PeruNestle Waters France wants to offset emissions from its factories in the west by buying trees in a rainforest thousands of miles away..
|
New report from Focus on the Global South: Carbon Offsets & Climate Finance in India
|
Carbon trading simply explainedHow does carbon trading work? Does it really help tackle climate change? Isn’t it all just smoke and mirrors? Is the Kyoto Protocol doing any good?
These and similar questions are increasingly being asked as the evidence for global warming mounts, scientists tell us more of dramatic climatic impacts we can expect, and pressure for measures to rein in greenhouse gas emissions heightens. At the same time, there are warnings from industry over the costs in jobs, profits and consumer prices that will stem from mandatory carbon trading regulation.
|
Forest carbon standards: Full rundownOver the past two years, the voluntary carbon market space has grown and changed rapidly. Independent assessment of carbon projects is now a must for any project developer or retailer of carbon offsets. An array of third-party audit standards has emerged to support the validation of projects and the verification of their emissions reductions for the creation of carbon credits.
|
Will Forest Carbon Markets Thrive, or Get Lost in the Woods?For thousands of years, we have been planting and growing trees without difficulty. It’s simple, and forest carbon business strategy can be, too. In fact, it’s core to what I’m trying to teach the MBA/MS students in my course at the Erb Institute this semester: If the world’s best available technology for removing carbon dioxide from the atmosphere is employing the natural photosynthetic capacity of natural forest management, we can too.
But in many ways, we are all unable to see the forests for the trees.
|
Economic woes may damage moves to slow deforestationKUALA LUMPUR/JAKARTA, April 29 (Reuters) - Growing economic pain may increasingly force consumers to turn to palm oil, one of the cheapest cooking oils, a move that could scupper nascent plans to slow deforestation in Southeast Asia.
|
Kenya Turns to Carbon Trade in a Bid to Curb Climate ChangeKenyan Prime Minister Raila Odinga has said the country is keen to partner with investment bankers to promote trading in carbon markets and ensure the rehabilitation of the Mau and other threatened forests in the country.
|
Sandor Exits CO2 Trade, Sells Climate Exchange to ICE (Update3)(Updates with Sandor comment in third, 14th and 15th paragraphs.)
By Mathew Carr and Simon Lomax
|
EcoSecurities: Forest carbon offsetting report 2010
|
Investors wary of "green" forestryLONDON, May 13 (Reuters) - Forests have a growing value as a result of climate policies, but the complexity of carbon markets coupled with the effects of the financial crisis are deterring investment, investors and analysts said in London on Thursday.
|
AAU carbon trade drying upThe international market for AAU carbon allowances is drying up, according to a leading carbon analyst. The trade in government-level Kyoto carbon credits is winding down after numerous sales from eastern European nations holding surpluses to Japan, Norway and EU nations to help them meet their Kyoto targets.
|
Does Carbon Trading Damage Forests?The World Bank is so concerned about the lack of forests remaining in the small country of Armenia that they have warned that it could one day become a desert.
|
The Carbon Hunters was reported by Mark Schapiro, produced by Andres Cediel & co-produced by Daniela Broitman.
STORY SYNOPSIS
In a remote corner of Brazil's Atlantic coast, they say time is a fiction. This ancient forest is seemingly unspoiled by modern life -- beyond the reach of men, machines, and markets.
But a closer look reveals something very different happening here.
|
European CO2 traders cautiously welcome U.S. bill(Reuters) - A U.S. Senate climate bill, unveiled on Wednesday, has garnered general support from European carbon market players, though some have raised concerns over a few components of the proposed legislation.
|
Green pioneers: Jungle millionaire Pedro Moura Costa in bid to save the AmazonPEDRO MOURA COSTA’s journey from plant scientist to eco-millionaire began on the end of a shovel in Borneo.
|
Interview with Michael G. Morris - CEO of American Electric PowerThe picture of the global carbon market is a murky one, stymied on the one hand by the lack of a U.S. climate policy, and bubbling over on the other hand with a highly speculative, and even murkier, voluntary market.
|
Rain Forests Lose Out in Senate's New Climate BillMuch of the handwringing by greens over the new climate and energy bill introduced in the Senate on May 12 has focused on the overtly controversial aspects of the legislation: the partial allowances it makes for new offshore oil drilling, for instance, and the ceiling it puts on carbon prices.
|
Opinion: Point Carbon: credits to average US$26/t in early years of US ETSPoint Carbon Research projects that the price for each metric tonne of carbon dioxide equivalent (CO2e) would average US$26 over the period 2013-2020 under a federal cap-and-trade system as outlined in the American Power Act (APA).
|
First forest carbon improvement plan approvedUS environmental consultancy EcoTrust has won approval for the first carbon offset project methodology in improved forest management (IFM) under the Voluntary Carbon Standard (VCS). IFM is a relatively new field of carbon crediting activity taking on heightened importance following the widening of the international REDD initiative on deforestation to include forest restoration and sustainable forest management - so called REDD-plus.
|
Global Carbon Market Grows to $144 billion Despite Financial and Economic TurmoilCologne, May 26, 2010—The latest annual report from the World Bank on the global carbon market showed that in 2009 it grew to $144 billion, up 6% from 2008 despite enduring its most challenging year to date. The global economic crisis negatively impacted both demand and supply sides and, as indu
|
|
|
