The boosted trade volumes were driven by the increased volatility in Europe’s allowance market, coupled with the physical link-ups of a number of carbon- allowance registries, allowing the EU’s ETS to function more efficiently.
The traded allowances together represented 1,927 million tonnes of carbon emissions, according to New Carbon Finance.
Virtually all of the growth in trade volume came from the EU ETS, where volume grew 54% compared to the final quarter of 2008, as carbon prices bounced around like a ping-pong ball.
The
