COLOGNE — The global carbon market last year

trebled to $30bn from $11bn in 2005, says the World

Carbon markets put a price on carbon, and so are seen

as a possible key weapon against climate change,

driving people and businesses to think harder about

The bank said in a report presented at a news

Union’s (EU’s) emissions-trading scheme was the hub

of the global market, and turnover trebled to $24bn

last year. Through a linked project-based market,

European companies can meet EU emissions caps by

funding clean energy projects in developing countries,

through carbon trade under the Kyoto Protocol on

That project-based market doubled to $5bn last year,

and raised an extra $16bn finance for development of

clean energy technologies, the World Bank said.

“We believe that carbon finance and the carbon

market has a real development role,” said Warren

Evans, director of the World Bank’s environment

department. “There’s a clear role for carbon finance to

support the sustainable development in those countries

both in terms of finance and providing new clean

Many policy makers in rich and poor countries pin

their hopes on carbon markets to finance cleaning up

heavy industry in poor countries, which are expected

to contribute the lion’s share of future increases in

The World Bank report showed that the EU scheme

traded about 1,1-billion tons of carbon dioxide

emissions permits last year while the project-based

The EU private sector accounted for 75% of demand

while China led the world’s sellers of carbon pollution

allowances at 61% of the total, well above India and

other Asian countries, the bank said.

It also looked ahead at the period from next year to

2012, the second phase of the EU-emissions trading

scheme, which coincides with the target period of

Kyoto. Basing a forecast on analysts’ assumptions, the

report said the EU trading scheme would be short of

permits. The scheme handed out too many permits in

its 2005-07 first phase, prompting a carbon price

“Most analysts believe that phase 2 will be short,”

said Karan Capoor, main author of the report, pegging

the percentage of the shortfall at perhaps 8%-10%.

The first few months of EU emissions trading this

year had seen daily trades worth $80m of 4-million

tons of CO², said Garth Edwards of Royal Dutch

The World Bank expected demand from European

stay robust. “There is no reason to believe in a fall-off

from here,” Capoor said. This week, certificates for

next year hit their highest level so far at €19,5 a ton.

More than 30 billion kilowatt-hours of energy is

wasted because many of us simply forget to shut

down our computers when we’re not using them. If

we could just improve the efficiency of how we use

our PCs, the savings in energy costs would be over $3

billion! The CO2 emissions from just 15 computers

are equivalent in energy terms to the gas consumption

A barrel of oil contains 42 gallons and produces an

average 556 kilowatt hours of electrical power. Now

consider your computer. A good spec PC can use up

to 200 watts per hour. If you have a CRT monitor, it

adds a further 80 watts (TFT screens use less). So

your system is consuming over 1 KWh of power for

every four hours of normal use. If you leave your

computer on 24/7, that’s the equivalent of a whole

barrel of oil every 90 days! If you optimize your

computer with LocalCooling and power down when

you’re not using it you could extend this to over six

Remember, if you leave the PC on with just a screen

saver on the CRT when you’re not using it, it’s STILL

using up to 280 watts per hour of completely wasted

power. Power that pumps out 1.5lbs of CO2 emissions

into the atmosphere for every KWh. If left on for 24

hours that’s 9lbs of CO2 every day and 3,285lbs per

year. That’s more than 1.6 tons of CO2 thrown up into

the atmosphere just to keep your one single PC

Now if you’re reading this at work, how many

computers does your company operate every day? Do

you switch them off every night or do the PCs have to

run through the night? Millions of computers are left

switched on 24 hours a day doing absolutely nothing

for most of the time….except using CO2 emitting

power. And there are more than 660,000,000 PCs in

the world today, which is still less than 10% of the

Today’s waste of 30 billion kilowatt-hours of energy

every year is responsible for putting 45 billion lbs or

30 billion kgs of CO2 into the atmosphere every year.

A figure that will DOUBLE within five years if we

don’t improve the power efficiency of the w

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The Dec08 climbed to a 13 month peak of €25.40

today (30th May) with traders returning from the long

weekend in a bullish mood. Recent gains in German

energy prices and the tough line taken by the

commission regarding P2 NAPs has been the driving

force behind the huge gains witnessed recently.

Actual prices expose the inaccuracy of some

government estimates of cost of emissions credits. At

$47 NZD these allowances would make New Zealand

treasury out by billions of dollars in its estimates.

Terry Quilty ph 64 21 250 6789

Richard Hayes ph 64 21 310 301

Simon Baillieu ph 27 82 558 9616

‘Carbon Monitor’ is a client service of EITG.

EITG develops, facilitates and engineers Carbon Mitigation

EITG corporate advisory provides high-level briefings and

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EITG provides trading platforms and strategies based on

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