MEED
Robin Lancaster
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Carbon trading: Capturing the market
10 August 2007, 11:16 GMT
The global market for greenhouse gas emissions, including carbon trading, was worth $30,000 million in 2006, according to World Bank estimates. But in the Middle East and North Africa, participation in the market was limited. According to the UN, the region hosts just 1.4 per cent of the 2,260 projects being developed to reduce emissions under the Kyoto Protocol. However, that looks set to change, with several recent initiatives increasing the region's involvement in the trade.
