The global market for carbon emissions trading doubled in value last year, but actual realised emissions cuts fell as the global economic slowdown dented clean energy financing, the World Bank said on Wednesday.
The market grew to $126 billion last year, up from $63 billion in 2007 and nearly 12 times the value in 2005, the World Bank said in a report at the Carbon Expo conference in Barcelona.
A total 4.8 billion tons of carbon dioxide, the main greenhouse gas blamed for global warming, were traded last year, up 61 percent from the 3 billion traded in 2007.
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