Overview of Carbon Trading Markets (excerpt)
Complex, fraught with risk, and very fast moving, the global market for trading carbon credits and purchasing carbon offsets has immense capacity to both excite and confuse. The excitement is reflected in the explosion in the number and variety of the participants in carbon markets, breaking well beyond the confines of electric utilities and other familiar greenhouse gas (GHG) emitters to attract parties that have any kind of carbon footprint to shrink or corporate reputation to protect….
In October-December 2007, CCBJ conducted a broad survey of carbon offset providers in the voluntary carbon trading market (from brokers to aggregators to project developers) and identified at least 110 legitimate sellers of offsets. Of those about 70 provided actual figures in terms of total sales…
This inaugural edition on Carbon Markets offers estimates of regulated and voluntary carbon trading activity. It also looks at carbon emissions brokerages, voluntary carbon offset markets, agricultural and forestry carbon offsets, the participation of consulting and engineering firms in the carbon market, and individual company profiles.
Purchase the inaugural Carbon Markets and Carbon Trading edition of Climate Change Business Journal
Look inside other CCBJ Editions
Other recent editions of Climate Change Business Journal cover in detail the renewable energy business, the solar energy industry, the wind energy industry, carbon capture and storage, the biofuels business, the bioenergy industry, and the green building business. Each issue includes trend analysis, market size and growth estimates. Segments of the cleantech market to be covered by CCBJ in coming months include an Overview of the Climate Change Industry and its nine business segments as defined by CCBJ, in addition to the geothermal power industry, energy efficiency business, demand response, the clean energy business, the energy storage business, and the greenhouse gas market.
Read more excerpts from the Carbon Trading and Carbon Markets Edition
Consultants Report Surge in Business as Clients Grapple With Climate Change
SAIC, ICF, ERM, Stratus, Eastern Research, and ENVIRON bring historic skills to bear on a new environmental discipline.
Environmental consultants have been providing services related to the anticipation of climate change impacts for more than a decade, and much more in some cases…. In total the U.S. environmental consulting & engineering (C&E) industry generated $24 billion in revenues in 2006, according to CCBJ sister publication Environmental Business Journal (see ranking of the top 30 firms on page 23)…. While CCBJ estimates that total billings related to climate change are still well under $500 million, it is not inconceivable that environmental C&E firms will generate 10-20% of their revenues from climate change within a decade. All of the consultants contacted by CCBJ noted a dramatic surge in their climate change business…
Climate Change Consulting Veteran Notes “Flight To Quality” in Carbon Markets
Abyd Karmali talks to CCBJ about carbon markets and a new Merrill Lynch initiative in the climate change arena.
CCBJ: Please describe Merrill Lynch’s new initiative in the carbon value chain, and the value proposition you bring.
Karmali: On 17 September, the president of Merrill Lynch launched a new Environmental Framework, which provides an overarching framework laying out the rationale for why the bank is engaging on environmental issues and why they are so important for our business going forward…
Low Prices, Lack of Standards Dampen Commercial Demand for Forestry Offsets
...With carbon prices having ranged between $1 and $5 per ton over the Chicago Climate Exchange’s four-year trading history, that puts the cumulative value of the forestry and ag sectors at about $25 million. Multiplying an average of estimates—275 million tons annually—by a suppositional carbon price of $15 per ton—a mid-range price forecast for the first years of an anticipated U.S. cap and trade regime—the U.S. ag and forestry offset market could be generating over $4 billion annually within five to 10 year. The market today is at square one… But the voluntary market for ag and forestry offsets in the United States is clearly entering a growth phase. Major emitters are purchasing or making plans to purchase growing quantities of offsets … many are doing so to prepare to meet their likely requirements under the Regional Greenhouse Gas Initiative (RGGI), California’s AB32 …
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