The value of the global carbon market grew by 15 percent during 2014 to €45 billion, according to the latest analysis from the Point Carbon team at Thomson Reuters. Higher prices in the European  emissions trading scheme (EU ETS) and steady liquidity and prices in the North American markets were the main reasons for the increasing value of carbon markets. In terms of trading activity, however, the traded volume shrank by 17 percent to 7.7
billion (Gt) in 2014.

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