"...Current market trends will be covered at plenary sessions, including the carbon market development in 2009. This is analyzed in the World Bank’s State and Trends of the Carbon Market Report and the IETA 2010 GHG Market Sentiment Survey, describing how the financial cristis hit both the supply and demand for carbon permits and offsets. Overall trade volumes increased while prices fell leading the global carbon market value in 2009 to remain at the same US$130-140 billion range seen in 2008. The economic downturn led to less offsets demanded by Annex I countries. This in addition to regulatory challenges and the lack of vision beyond 2012 contributed to a decreased demand. Both the volumes transacted and the overall value in the project-based market fell significantly for the second year in a row."
http://siteresources.worldbank.org/WBI/Resources/213798-1259011531325/6598384-1268250262287/Press_advisory_Carbon_Expo.pdf
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