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The Role of Sustainable Land Management for Climate ... - CAADP

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!<br />

Table 4-1. Carbon markets, volumes, and values<br />

Scheme<br />

Allowances<br />

EU Emissions Trading<br />

Scheme<br />

New South Wales<br />

Greenhouse Gas<br />

Abatement Scheme<br />

Chicago <strong>Climate</strong><br />

Exchange<br />

UK Emissions Trading<br />

System<br />

Volume<br />

(MtCO2e)<br />

2005 2006 2007<br />

Value Volume Value Volume<br />

(MUS$) (MtCO2e) (MUS$) (MtCO2e)<br />

Value<br />

(MUS$)<br />

324 8,204 1,104 24,436 2,061 50,097<br />

6 59 20 225 25 224<br />

1 3 10 38 23 72<br />

0 1 NA NA NA NA<br />

Subtotal 332 8,268 1,134 24,699 2,109 50,394<br />

Project-based transactions<br />

Clean Development<br />

Mechanism<br />

359 2,651 562 6,249 791 12,877<br />

Joint Implementation 21 101 16 141 41 499<br />

Other compliance and 5 37 33 146 42 265<br />

voluntary transactions<br />

- Voluntary “over the<br />

14 59 42 259<br />

counter” (OTC) market 21<br />

Subtotal 384 2,789 611 6,536 874 13,641<br />

TOTAL 717 11,057 1,745 31,235 2,983 64,035<br />

Sources: Capoor and Ambrosi (2007) and (2008)<br />

Note: MtCO2e = million tons <strong>of</strong> carbon dioxide or equivalent<br />

MUS$ = million U.S. dollars<br />

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21 Source: Hamilton, et al. (2008)!<br />

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,-!

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