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Emissions exchange operator Climate Exchange said volumes and overall growth continues to be strong.
Chairman Richard Sandor said, “The last six months have shown that despite the recent turmoil in capital markets, the interest of corporations, governments and financial sector participants for emissions trading has remained strong.”
In Europe second half 2008 volumes increased around 185% from the same time a year earlier while full year volumes increased 175% from the 2007.
In the US Climate Exchange saw almost a four-fold increase in trading volumes across its Carbon Financial Instrument (CFI) from 2007 to 2008.
Chief executive Neil Eckert added, “We enter a key phase which will see the inauguration of President Barack Obama which we regard as a catalytic event for emissions markets.”
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