Kossoy, AlexandreAmbrosi, Philippe2013-05-142013-05-142010-05https://hdl.handle.net/10986/13401The carbon market endured its most challenging year to date in 2009. The global economic crisis, which started in late 2008 and intensified early in 2009, negatively impacted both the demand and supply sides of the market. As industrial output plummeted the demand for carbon assets fell. Yet even as global GDP declined by 0.6 percent in 2009, and at a more perilous rate of 3.2 percent in industrialized economies, the carbon market demonstrated resilience. The total value of the market grew 6 percent to US$144 billion ( 103 billion) by year s end with 8.7 billion tons of carbon dioxide equivalent (tCO2e) trade.en-USCC BY 3.0 IGOabatement costsabsolute emissionsAllocationallocation methodologyAllowanceallowance allocationallowance pricesallowance valueamount of abatementapproachAshasset valueauctionAuctionsavailabilityaverage priceaverage pricesbalancebiddingbiomassCarboncarbon allowancescarbon capCarbon CaptureCarbon Dioxidecarbon economycarbon emissionscarbon exchangeCarbon Financecarbon leakageCarbon Marketcarbon priceCarbon pricescarbon regulationcarbon taxcarbon taxescarbon technologiescarbon tradingcementcement industryCertified Emission ReductionCertified Emission ReductionsCH4Clean Development Mechanismclean technologiesClimateClimate Changeclimate change policyCoCO2Coalcoal generationCoal Minecoal plantscoal pricescogenerationcompliance costscost of carboncrude oilDeforestationdemand for powerdemonstration plantsdeveloped countriesDNAeconomic impacteconomic recoveryeconomic sectorsEcosystemefficiency improvementselectric utilityelectricityelectricity generationelectricity marketselectricity saleselectricity sectorEmissionEmission ReductionEmission Reduction Projectemission reduction unitsemission tradingemission trading systemEmissionsemissions projectionsEnergy Efficiencyenergy marketEnergy SavingsEnvironmentalExpenditurefairfinancial crisisfinancial institutionsfinancial instrumentsfinancial supportFluorescent LampForestForest DegradationForestryforestry carbonforestry operationsforestry projectsforestry sectorforestsfossilfossil fuelfossil fuelsFramework Convention on Climate Changefree allocationfree allowancesfuelsfuture pricesgas turbinesGHGGHGsglobal emissionGreenhouseGreenhouse Gasgreenhouse gas emissionsGreenhouse Gas ReductionGreenhouse Gasesgreenhouse gassesGross Domestic ProductHFCsHydrochlorofluorocarbonimportsimprovements in energy efficiencyincomeindustrial gasesinsuranceinternational carbon marketsinternational tradeInventoryinvestment decisionsLand UseLand Use ChangeLandfillLandfill Gaslow-carbonmarket forcesmarket instrumentsmarket mechanismmarket nichemarket pricesmarket valuemarket volatilityMarketplaceMethaneMonetary FundN2Onational emissionsnatural gasNitrous Oxideoffset priceolder coal plantspenaltiesPerfluorocarbonpipelinepolicy makersPollutionPollution ReductionportfolioPotential demandpowerpower plantspower sectorpower stationsPPPresent Valueprice capprice curveprice increaseprice mechanismprice signalprice volatilityproduction processesproperty rightspurchasingrecyclingRegional Greenhouse Gas Initiativeregulatory frameworkrelative valueRenewable Energysalesalesset asideSF6siliconsilverspot marketspot pricespot pricesspreadsubstitutesSulfurSulfur hexafluoridesupply sidesurplussurplusessustainable forestsustainable forest managementSynthetic gastax revenuetemperaturetotal demandtotal emissionstransportation fuelsturnoverUNEPUtilitieswindwind capacitywindfall profitsWorld Bankhttps://doi.org/10.1596/13401