Carbon emissions have been traded, albeit at minor levels, in the over-the-counter (OTC) market since the 1990s. In recent years, significant global governmental involvement in the stabilization of the concentration of atmospheric greenhouse gases has facilitated tremendous growth in the market for carbon emissions trading. The value of the carbon market has grown from $727 million in 2004 to $118 billion in 2008.
In addition to the foundational regulatory organizations that have established the framework of the market, and the pre-requisite buyers and sellers, the magnitude and evolving complexity of the global carbon markets has attracted numerous intermediaries, such as brokers, exchanges, aggregators, and financiers, as well as other peripheral participants such as validation and verification, information and analysis, legal, and consulting service providers. Opportunities for market participants are expected to continue to increase as the value of global carbon markets are forecast to grow by 68% per year to $669 billion in 2013.
Carbon Emissions Trading includes a broad review of the carbon market. The report provides a discussion of the mechanisms employed in the carbon market and an overview of the market structure and participants. Market demand for carbon emissions allowances and offsets is quantified and projections for growth in demand are provided, along with the key factors influencing this growth. The report also provides profiles of companies active in the carbon market.
The information in Carbon Emissions Trading is based on primary and secondary research. Primary research entailed in-depth interviews with firms involved in the development of carbon emissions trading regulation, financial companies, and consultants to the industry to obtain information on the developing market and factors shaping the industry. Secondary research entailed data gathering from relevant sources, including government and industry publications, company literature and corporate annual reports.
What You’ll Get in This Report
Carbon Emissions Trading contains important insights and projections regarding the future of this market around the world. No other market research report provides both the comprehensive analysis and data that Carbon Emissions Trading offers. Subscribers will benefit from extensive data, presented in easy-to-read and practical charts, tables and graphs.
How You’ll Benefit From This Report
If your company is already doing business in the carbon market, or is considering entering the marketplace, you will find this report invaluable, as it provides a comprehensive package of information and insight not offered in any other single source. You will gain a thorough understanding of the current global market for carbon emissions allowances and offsets, as well as projected markets and trends through 2013.
This report will help:
Market Insights: A Selection From The Report
Market Size and Segmentation
The global carbon market has grown rapidly over the past five years and recorded nearly $118 billion of carbon emissions transactions in 2008. This represents a 256% compound annual growth rate over the period. The market value of transaction has grown exponentially as both the volume of carbon emissions traded and the price per unit of carbon emissions have grown significantly over the period.
The price of carbon dioxide emissions traded increased by 49% per year from an average of $5.86 per tonne in 2004 to $28.65 in 2008. Simultaneously, the volume of carbon emissions traded, measured in millions of tones of carbon dioxide (MtCO2e), has increased by 139% per year from 125 MtCO2e in 2004 to 4,104 MtCO2e in 2008.
The compliance-driven segment of the market accounted for over 96% of the overall volume of the global carbon market in 2008; the share of the voluntary markets in value terms was less than 1% of the overall carbon market in 2008.
Carbon Market Projections
The transaction value of the international carbon market has grown exponentially in its first decade of existence. Pending the outcome of future regulatory and policy decisions, further strong growth is expected as the global economy recovers from the current economic recession.
In 2009, the volume of carbon traded on the global markets is expected to grow to 5,648 MtCO2e, a 38% increase over 2008 volume. However, given the recent downturn in the global economy and the significant decline in the prices of carbon units traded, the value of the global carbon markets is expected to decrease by 29% to under $84 billion in 2009.
Prices in the carbon markets are expected to recover post-2009. Bolstered by continued growth in volume, the global carbon market value is projected to grow by 68% per year from under $84 billion in 2009 to $669 billion in 2013.In the News
Global Carbon Market to Achieve $669 billion in 2013
New York, April 14, 2009 - The global carbon market, which consists of the buying and selling of carbon emission allowances or offsets, is projected to ride a half-decade long wave of monolithic growth to reach $669 billion in 2013, according to Carbon Emissions Trading Markets Worldwide, a new report from industrial market research publisher SBI. Bolstered by continued growth in volume and the anticipated recovery of economies worldwide in years to come, the global carbon market value is forecast to grow by 68% per year to improve upon the less than $84 billion SBI expects the market to achieve during the recession-riddled months of 2009.
The likely participation of the United States through the enactment of a federal cap and trade system by 2012 is also a significant factor in the projected growth of the carbon markets. Transactions conducted under such a compliance based system are expected to create the world’s second largest carbon market, valued at nearly $117 billion by 2013. Other positive factors include higher prices, greater market turnover, and the creation of new carbon markets.
SBI research reveals that the market value of transaction has grown exponentially as both the volume of carbon emissions traded and the price per unit of carbon emissions have swelled significantly since 2004. As a result the global carbon market achieved a 256% compound annual growth rate (CAGR) over the past five years.
The market recorded nearly $118 billion of carbon emissions transactions in 2008 alone. However, the market is expected to decrease by 29% in 2009 as a result of the decline in the prices of carbon units traded, a phenomenon widely linked to the economic downturn. Yet SBI notes that the projected decline isn’t all bad news, at least not for savvy investors with an eye towards the future.
“This temporary blip in an otherwise burgeoning industry presents an exceptional opportunity for investment as prices in the carbon markets are expected to rebound significantly post-2009,” says Shelley Carr, associate publisher of SBI.
Carbon Emissions Trading Markets Worldwide provides a broad review of the carbon market. The report includes a discussion of the mechanisms employed in the carbon market and an overview of the market structure and participants. Market demand for carbon emissions allowances and offsets is quantified and projections for growth in demand are provided, along with the key factors influencing said growth. Profiles of companies active in the carbon market are also supplied.
SBI (Specialists in Business Information) publishes research reports in the industrial, energy, building/construction, automotive/transportation and packaging markets. SBI also offers a full range of custom research services.
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