Carbon market shrinks for first time in hottest year on record
The global carbon market shrank for the first time in 2010, snapping five years of growth as a lack of clarity about the future climate framework hurt investment in the hottest year on record, a World Bank report showed.
The global carbon market grew by 80 percent in 2007, says a report by Point Carbon, a firm that analyses the international trade that has developed in an effort to address climate change.