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The Carbon Market Takes Off

By Joe Romm  

"The Carbon Market Takes Off"

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The global carbon market is exploding. From 2oo5 to 2006, the market tripled, from $10 billion to $30 billion.

$25 billion came from trading European permits, and the other $5 billion from the Clean Development Mechanism (CDM) or a Joint Implementation (JI) projects.

One firm predicts that the market could be worth $100 billion within three years…

The big question: When will we join what promises to be the biggest job-creating market of the 21st century?

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