Trading of EU ‘emission credits’ soaring

LONDON (Reuters) – Volumes in the European Union’s new carbon dioxide emission trading scheme have soared with over 200 million tonnes of credits expected to change hands this year, a report from consultants Prospex said on Friday.

Trade is expected to increase further next year as more companies, especially in southern and eastern Europe, enter the market.
“The pioneering days are over. In the first three quarters of 2005 alone, we estimate trading volumes reached 177 million tonnes, or eleven times global volumes in all of 2004,” said Amsterdam-based Prospex.

Reuters