Carbon Emissions Trading Markets Worldwide

Publication Date	May 2009
Publisher	SBI
Product Type	Report
Pages	186
ISBN Number	not applicable
Product Code	SBI00050

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Summary

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.

Report Methodology

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:

Marketing managers understand the market forces shaping the carbon market and identify market opportunities.
Research and development professionals stay on top of competitor initiatives and explore demand for carbon emissions allowances and offsets.
Business development executives understand the dynamics of the market and identify possible partnerships.
Information and research center librarians provide market researchers, product managers, and other colleagues with the vital information they need to do their jobs more effectively.

Content

Chapter 1: Executive Summary
- Carbon Market Framework
- Figure 1-1: Carbon Market Segmentation, 2008
- Compliance Market Regulatory Framework
- The Kyoto Protocol
- Figure 1-2: Kyoto Protocol Trading Mechanisms
- European Union Emissions Trading System
- Figure 1-3: European Union Linking Directive
- New South Wales Greenhouse Gas Abatement Scheme
- Regional Greenhouse Gas Initiative
- Voluntary Market Framework
- Chicago Climate Exchange
- Over the Counter Market
- Industry Structure and Participants
- Figure 1-4: Carbon Market Industry Structure, 2008
- Carbon Exchanges
- Table 1-1: Carbon Exchanges and Trading Platforms, 2008
- Table 1-2: Currencies Traded on Global Carbon Exchanges and Trading Platforms, 2008
- Market Size and Segmentation
- Figure 1-5: Carbon Market Volume and Value, 2004-2008 (Volume in MtCO2e; Value in $ M)
- Figure 1-6: Carbon Market Value by Sub-Segment, 2008 ($ M)
- Carbon Market Projections
- Figure 1-7: Carbon Market Volume and Value, 2009-2013 (Volume in MtCO2e; Value in $ M)
- Report Scope
- Report Format
- Report Methodology
- Abbreviations
- Table 1-3: Abbreviations Utilized in Report
Chapter 2: Carbon Market Framework
- Overview
- Carbon Market Framework
- Figure 2-1: Carbon Market Segmentation, 2008
- Compliance Market
- Table 2-1: Emissions Trading Systems in Compliance Market, 2008
- Regulatory Framework
- United Nations Framework Convention on Climate Change
- Table 2-2: UNFCCC Annex I Nations
- Figure 2-2: UNFCCC Annex 1 Greenhouse Gas Emissions, 1990 - 2000 (% change from 1990 level)
- The Kyoto Protocol
- Figure 2-3: Kyoto Protocol Ratifying Nations
- Table 2-3: Kyoto Protocol Greenhouse Gas Emissions Targets (% change from 1990 level)
- Clean Development Mechanism
- Figure 2-4: Clean Development Mechanism, 2008
- Joint Implementation Mechanism
- Figure 2-5: Joint Development Mechanism, 2008
- International Emissions Trading
- Figure 2-6: International Emissions Trading, 2008
- European Union Emissions Trading System
- Figure 2-7: European Union Allowance Trading, 2008
- Figure 2-8: EU-ETS Allowance and Offset Trading, 2008
- Keidanren Voluntary Action Plan
- New South Wales Greenhouse Gas Abatement Scheme
- Regional Greenhouse Gas Initiative
- Compliance Market Currencies
- Table 2-4: Emissions Equivalencies of Currencies Traded in Compliance Market, 2008
- Table 2-5: Currencies Traded in Compliance Market, 2008
- Certification Standards in Compliance Market
- Registries in the Compliance Market
- Figure 2-9: Kyoto Protocol Carbon Registries, 2008
- Table 2-6: Registries Utilized in Compliance Market, 2008
- Voluntary Market
- Figure 2-10: Voluntary Carbon Market Segmentation, 2008
- Chicago Climate Exchange
- Over the Counter Market
- Voluntary Market Currencies
- Table 2-7: Currencies Traded in Voluntary Market, 2008
- Certification Standards in Voluntary Market
- Figure 2-11: Voluntary Carbon Market Certification Standards, 2008
- Table 2-8: Voluntary Emissions Standards, 2008
- Chicago Climate Exchange Standard
- Voluntary Carbon Standard
- VER+ Standard
- Climate, Community and Biodiversity Standard
- Plan Vivo
- The Gold Standard
- Greenhouse Friendly Standard
- Registries in Voluntary Market
- Table 2-9: Carbon Accounting Registries in the Voluntary Carbon Market, 2008
Chapter 3: Industry Structure
- Overview
- Industry Structure and Participants
- Figure 3-1: Carbon Market Industry Structure, 2008
- Carbon Market Framework
- Regulatory Bodies
- United Nations Climate Change Secretariat
- United Nations Clean Development Mechanism Executive Board
- Joint Implementation Supervisory Committee
- Compliance Committee
- Designated National Authorities
- Designated Operational Entity
- Non-Governmental Organizations
- Local Authorities
- Suppliers
- Project Developers
- Table 3-1: Representative Project Developers, 2008
- Intermediaries
- Exchanges
- Table 3-2: Carbon Exchanges and Trading Platforms, 2008
- Table 3-3: Currencies Traded on Global Carbon Exchanges and Trading Platforms, 2008
- Table 3-4: Sample Voluntary Emissions Reductions Certification Standards, 2008
- Europe
- Table 3-5: European Carbon Exchanges and Trading Platforms, 2008
- European Climate Exchange
- Nordic Power Exchange
- European Energy Exchange
- Energy Exchange Austria
- BlueNext
- Climex
- North America
- Table 3-6: North American Carbon Exchanges and Trading Platforms, 2008
- Chicago Climate Exchange
- The Green Exchange
- Montreal Climate Exchange
- South America
- Table 3-7: South American Carbon Exchanges and Trading Platforms, 2008
- Brazil Mercantile Futures Exchange
- Asia and Australia
- Table 3-8: Asian and Australian Carbon Exchanges and Trading Platforms, 2008
- Asia Carbon Exchange
- Multi-Commodity Exchange of India
- National Commodity & Derivatives Exchange
- The Australian Climate Exchange
- Brokers
- Table 3-9: Representative Carbon Market Brokers, 2008
- Aggregators
- Table 3-10: Representative Offset Aggregators, 2008
- Financial Institutions
- Table 3-11: Representative Private Sector Financial Companies Active in Carbon Market, 2008
- Multilateral Development Banks
- Carbon Funds
- Carbon Finance Product Offerings
- Buyers
- Compliance Market Buyers
- Voluntary Market Buyers
- Industry Services
- Validation and Verification Services
- Information, Analysis, and Legal Advisory Services
- Table 3-12: Representative Consulting Firms Active in Carbon Market, 2008
- Table 3-13: Representative Legal Advisory Service Companies Active in Carbon Market, 2008
Chapter 4: Market Sizing and Segmentation
- Overview
- Market Size and Segmentation
- Figure 4-1: Carbon Market Volume and Value, 2004-2008 (Volume in MtCO2e; Value in $ M)
- Figure 4-2: Carbon Market Value by Segment, 2008 ($ M)
- Compliance Market Segments
- Figure 4-3: Kyoto Protocol Trading Mechanisms
- International Emissions Trading
- European Union Emissions Trading System Market
- Figure 4-4: EU ETS Carbon Market Volume, 2004 to 2008 (MtCO2e)
- Figure 4-5: European Union Linking Directive
- Clean Development Mechanism Market
- Figure 4-6: Clean Development Mechanism, 2008
- Figure 4-7: Certified Emissions Reductions Issued by Project Type (% of total)
- Figure 4-8: Certified Emissions Reduction Volume, 2004 to 2008 (MtCO2e)
- Joint Implementation Market
- Figure 4-9: Joint Development Mechanism, 2008
- Figure 4-10: Emissions Reduction Units Registered by Project Type (% of total)
- Figure 4-11: Emissions Reduction Unit Volume, 2004 to 2008 (MtCO2e)
- New South Wales Greenhouse Gas Abatement Scheme Market
- Figure 4-12: New South Wales Greenhouse Gas Abatement Scheme Volume, 2004 to 2008 (MtCO2e)
- Regional Greenhouse Gas Initiative Market
- Figure 4-13: Regional Greenhouse Gas Initiative Market Volume, 2004 to 2008 (MtCO2e)
- Voluntary Market Segments
- Chicago Climate Exchange
- Figure 4-14: Chicago Climate Exchange Volume, 2004 to 2008 (MtCO2e)
- Over the Counter Market
- Figure 4-15: Over the Counter Market Volume, 2004 to 2008 (MtCO2e)
- Market Price Trends
- Figure 4-16: Carbon Market Price Trends, 2007-2008 ($/tCO2e)
- Carbon Market Projections
- Figure 4-17: Carbon Market Volume and Value, 2009-2013 (Volume in MtCO2e; Value in $ M)
- Figure 4-18: Carbon Market Value by Segment, 2013 ($ M)
- Kyoto Protocol Post 2012
- UNFCCC Conference in Poznan
- European Union Emissions Trading System
- Figure 4-19: European Union Trading System Market Volume, 2009 to 2013 (MtCO2e)
- Key Drivers of EUA Demand and Price
- Clean Development Mechanism Market
- Figure 4-20: Certified Emissions Reduction Volume, 2009 to 2013 (MtCO2e)
- Joint Implementation Market
- Figure 4-21: Joint Implementation Volume, 2009 to 2013 (MtCO2e)
- North American Markets
- California Global Warming Solutions Act of 2006
- Hawaii Global Warming Solutions Act of 2007
- Minnesota Next Generation Energy Act of 2007
- Regional Greenhouse Gas Initiative
- Figure 4-22: Regional Greenhouse Gas Initiative Market Volume, 2009 to 2013 (MtCO2e)
- Western Regional Climate Action Initiative
- Midwestern Greenhouse Gas Accord
- Potential United States Federal Cap and Trade System
- Figure 4-23: United States Federal Cap and Trade System Market Volume, 2009 to 2013 (MtCO2e)
- Australian Carbon Market
- Figure 4-24: Australian Carbon Market Volume, 2009 to 2013 (MtCO2e)
- Japan
- Figure 4-25: Japanese Carbon Market Volume, 2009 to 2013 (MtCO2e)
- The Chicago Climate Exchange
- Figure 4-26: Chicago Climate Exchange Market Volume, 2009 to 2013 (MtCO2e)
- Over-the-Counter Market
- Figure 4-27: Over the Counter Market Volume, 2009 to 2013 (MtCO2e)
Chapter 5: Company Profiles
- Overview
- Table 5-1: Companies Profiled
- 3 Degrees Incorporated
- Table 5-2: 3 Degrees Incorporated Profile
- Corporate Background
- Product and Brand Portfolio
- Performance
- Company News
- Acquisitions and Divestitures
- Innovation
- Outlook
- Personnel Changes
- APX Incorporated
- Table 5-3: APX Incorporated Profile
- Corporate Background
- Product and Brand Portfolio
- Performance
- Company News
- Acquisitions and Divestitures
- Innovation
- Outlook
- Personnel Changes
- Baker & McKenzie
- Table 5-4: Baker & McKenzie Profile
- Corporate Background
- Product and Brand Portfolio
- Performance
- Acquisitions and Divestitures
- Innovation
- Outlook
- Personnel Changes
- Blue Source
- Table 5-5: Blue Source Profile
- Corporate Background
- Product and Brand Portfolio
- Performance
- Company News
- Acquisitions and Divestitures
- Innovation
- Outlook
- Personnel Changes
- CantorCO2e LLC
- Table 5-6: CantorCO2e Profile
- Corporate Background
- Product and Brand Portfolio
- Performance
- Company News
- Acquisitions and Divestitures
- Innovation
- Outlook
- Personnel Changes
- Climate Focus
- Table 5-7: Climate Focus Profile
- Corporate Background
- Product and Brand Portfolio
- Performance
- Acquisitions and Divestitures
- Innovation
- Outlook
- Personnel Changes
- Credit Suisse
- Table 5-8: Credit Suisse Profile
- Corporate Background
- Product and Brand Portfolio
- Performance
- Company News
- Acquisitions and Divestitures
- Innovation
- Outlook
- Personnel Changes
- EcoSecurities Group plc
- Table 5-9: EcoSecurities Group Profile
- Corporate Background
- Product and Brand Portfolio
- Performance
- Acquisitions and Divestitures
- Innovation
- Outlook
- Personnel Changes
- Equator LLC
- Table 5-10: Equator LLC Profile
- Corporate Background
- Product and Brand Portfolio
- Performance
- Acquisitions and Divestitures
- Innovation
- Outlook
- Personnel Changes
- Evolution Markets
- Table 5-11: Evolution Markets Profile
- Corporate Background
- Product and Brand Portfolio
- Performance
- Acquisitions and Divestitures
- Innovation
- Outlook
- Personnel Changes
- Fortis
- Table 5-12: Fortis Profile
- Corporate Background
- Product and Brand Portfolio
- Performance
- Company News
- Acquisitions and Divestitures
- Innovation
- Outlook
- Personnel Changes
- MGM International
- Table 5-13: MGM International Profile
- Corporate Background
- Product and Brand Portfolio
- Performance
- Company News
- Acquisitions and Divestitures
- Innovation
- Outlook
- Personnel Changes
- Natsource
- Table 5-14: Natsource Profile
- Corporate Background
- Product and Brand Portfolio
- Performance
- Acquisitions and Divestitures
- Innovation
- Outlook
- Personnel Changes
- RNK Capital LLC
- Table 5-15: RNK Capital LLC Profile
- Corporate Background
- Product and Brand Portfolio
- Performance
- Acquisitions and Divestitures
- Innovation
- Outlook
- Personnel Changes
- Sterling Planet, Incorporated
- Table 5-16: Sterling Planet, Incorporated Profile
- Corporate Background
- Product and Brand Portfolio
- Performance
- Acquisitions and Divestitures
- Innovation
- Outlook
- Personnel Changes
- Tradition Financial Services / TFS Energy / TFS Green
- Table 5-17: Tradition Financial Services/TFS Energy/TFS Green Profile
- Corporate Background
- Product and Brand Portfolio
- Performance
- Acquisitions and Divestitures
- Innovation
- Outlook
- Personnel Changes
- TUV SUD America
- Table 5-18: TUV SUD America Profile
- Corporate Background
- Product and Brand Portfolio
- Performance
- Acquisitions and Divestitures
- Innovation
- Outlook
- Personnel Changes