The carbon market - gone in a puff of smoke?
These initiatives taken together may create a series of partly linked markets, rather than a single carbon market.
"The carbon market is working - it is still quite a big thing."
In Europe, power companies were not the only businesses to profit from the new carbon market.
"The advantage of the carbon market is that it would provide additional financing for energy efficiency."
Together, these trading systems could form the nucleus of an evolving future global carbon market.
I fully agree with what you say, by the way, on the carbon market and its contribution.
Within Europe, we must, at the same time, continue to strengthen our own carbon market and stop giving away trading rights for free.
The size and activity of the voluntary carbon market is difficult to measure.
Same holds true even in the case of the carbon market or carbon trade.