BusinessGreen.com Staff, BusinessGreen, Friday 25 September 2009 at 13:11:00
Despite economic downturn and concerns over market outlook, interest in carbon investment continues to grow
The economic downturn may have claimed several funds as victims, but most investors in the carbon market have still enjoyed a bumper year as assets held by carbon funds grew.
in the carbon market have still enjoyed a bumper year as assets held by carbon funds grew 25 per cent to $16.11bn (£10bn).
That is according to new research from Environmental Finance Publications, which also found that the number of dedicated carbon funds that specialise in procuring carbon credits to sell at a profit or supply investors with pollution permits rose from 80 to 88 in the 12 months to August.
The growth in the market was despite plunging carbon prices brought about by the economic downturn and the closure or suspension of eight carbon funds.
The performance underlines the continuing attraction of the carbon market to investors, despite reduced demand for carbon credits as a result of reduced industrial output....