| The World Bank's 2011 report, State and Trends of the Carbon Market, shows that the international carbon market has grown from $US11 billion ($10.67bn) in 2005 to reach more than $US140bn in each of 2009 and 2010.
Despite recent falls in the carbon price, daily trading volumes continue at high levels, involving credible emission reduction units generated in a wide range of countries and traded by Japan, New Zealand, Norway, Russia and all the EU member states. In addition, South Korea, California and major Chinese provinces are scheduled to commence trading in the period 2012-2015...............................................Full Article: Source
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