State and Trends of the Carbon Market 2008

The World Bank examines the state of the global carbon markets, mainly the Kyoto Protocol’s Clean Development Mechanism and European Union Emission Trading Scheme, and looks at what is driving growth in carbon offsets and trading, where projects are being funded and what is in store in the coming years.

Along with delving into supply and demand, it looks at what types of projects are being supported, which countries stand to gain from the markets and why prices vary among projects. Included is the analysis is a call for a change in how to reform and improve the Clean Development Mechanism.