Carbon market worth up to $118 bln in 2008-report

LONDON, Jan 8 (Reuters) - The global carbon market was worth around $118 billion in 2008, rising 84 percent from the previous year. The market's value should swell to $150 billion in 2009, in spite of the gloomy backdrop of a global recession, the group forecast in a quarterly trading update.

New Carbon Finance forecast moderate growth in the EUA market in 2009, but increased liquidity in secondary certified emissions reductions (CERs), carbon offsets under Kyoto's clean development mechanism (CDM) which are directly linked to investments in clean energy project.

New Carbon Finance based its forecasts on future price predictions and permit allocations in the European, North American, Australian carbon markets as well as project-based markets such as spot trades, swaps, options and futures...

[understand any of that? You're not supposed to - it's the NEXT GREAT PONZI SCAM - ask yourself, if 2008 was the 'disaster' we've been told it was how does a 'market' go up 84%? A: it's a legislated (read: forced) market - and if Obama signs up for it you will pay for it...]

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