Carbon Market (Volume and Values in 2007-08)

VOLUME (MtCO2e) VALUE (MUS$)

2007 2008 2007 2008
Project based Transactions 876 1535 13646 33487
Allowances Markets 2108 3276 49361 92859

Carbon Market Volume 2007 (MtCO2e) Carbon Market Volume 2008 (MtCO2e)

Project based Transactions 29.36% Project based Transactions 31.91%

Allowances Markets 70.64% Allowances Markets 6

Carbon Market Value 2007 (MUS$) Carbon Market Value 2008 (MUS$)

Project based Transactions 21.66% Project based Transactions 26.50%

Allowances Markets 78.34% Allowances Markets 7

My Climate 3.8%
Top 10 Offset Providers
First Climate 4.2%
Company %age
Carbon Clear 5.1%
My Climate 3.8% Camco Interna-
5.5%
tional

Terrapass 5.9%
Green Mountain
5.9%
Energy
Cantor CO2e 7.6%

Climate Care 12.2%

 My Climate 3.8%

First Climate 4.2%

Carbon Clear 5.1%

Camco Interna-
5.5%
First Climate 4.2% tional

Carbon Clear 5.1% Terrapass 5.9%

Camco International 5.5% Green Mountain
5.9%
Energy
Terrapass 5.9%
Green Mountain Energy 5.9% Cantor CO2e 7.6%

Cantor CO2e 7.6% Climate Care 12.2%

Climate Care 12.2% The Carbon Neut-
14.3%
The Carbon Neutral Company 14.3% ral Company

EcoSecurities 17.2% EcoSecurities

0.0% 10.0%

Growth of Carbon Market (2005-2009)

Year Market Size (Bn US$)

2005 11
2006 30
2007 64
2008 125
2009 150

CAGR 92.2%

Countries Purchasing Offsets %age

UK 59%
Europe - Baltic Sea 12%
Japan 11%
Other Europe 6%
Spain 4%
Others
Austria
Italy 2.00%
2.00%
4.00%
Italy 4% Spain 4.00%
Other Europe 6.00%
Austria 2% Japan 11.00%
Others 2% UK 59.00%
Europe - Baltic Sea
Historic Values for Voluntary Carbon Markets

Year 2002 2003 2004 2005

OTC 43 23 35 39
Chicago Carbon Exchange 0 1 3 3
Other Exchanges 0 0 0 0
Total 43 24 38 42

Historic Values for Voluntary Carbon Markets

600

550

500

450

400

350

300

250

200

150

100
38
50 3
3 61
43 1 35 39
23
0

2002 2003 2004 2005 2006

Row 111 Row 112 Row 113

Offset Trading in different markets (2008)

EU ETS 94972
Secondary CDM 15585
Primary CDM 6118
Joint Implementation 2340
Other* 1174
Other*
Joint Impleme
0.98%CD
Primary

Voluntary OTC 397 Sec

CCX 307
Kyoto [AAU] 177
New South Wales 152
RGGI 109
Alberta’s SGER(a) 31
Other exchanges 1 EU ETS 79.02%

Total Global Markets 120188

on Market Volume 2008 (MtCO2e)

tions 31.91%

Allowances Markets 68.09%

rbon Market Value 2008 (MUS$)

ctions 26.50%

Allowances Markets 73.50%

3.8%

4.2%

5.1%

5.5%

5.9%

5.9%

7.6%

12.2%
 3.8%

4.2%

5.1%

5.5%

5.9%

5.9%

7.6%

12.2%

150
14.3% 150

17.2% 140

.0% 10.0% 20.0% 130

125
120

110

100
Market Size (US$ bn)
90

80

70
64
60

50

40
30
30

20
11
10

0
2005 2006 2007 2008 2009
Year

Others
Austria
Italy 2.00%
2.00%
4.00%
Spain 4.00%
Other Europe 6.00%
Japan 11.00%
UK 59.00%
Europe - Baltic Sea 12.00%
 800
600

MT Co2e
400
200
2006 2007 2008
0
61 262 397

02

06
20

20
04

20

20
08
38 72 307
Year
0 1 1
99 335 705 OTC Chica- Other
go Ex-
Carbon change

ric Values for Voluntary Carbon Markets 1

307

1
72

397

262

38
3
61
39

2005 2006 2007 2008

Row 111 Row 112 Row 113

Other*
Joint Implementation
0.98%CDM 5.09%
Primary 1.95%

Secondary CDM 12.97%

EU ETS 79.02%