2 May 2007 — Natsource Advisory and  Research Services, a division of Natsource LLC, a leading emissions and renewable energy asset manager, announced the completion of its annual analysis of greenhouse gas (GHG) market trends in 2006 on behalf of the World Bank. The Bank’s report indicates that the market grew significantly in 2006 and that the value of traded instruments that can be used to comply with GHG emissions targets nearly tripled in 2006 from 2005 levels.  These include traded volumes for European Union Allowances (EUAs), Certified Emissions Reductions (CERs) created by Clean Development Mechanism (CDM) projects located in developing countries that have ratified the Kyoto Protocol (KP), and Emission Reduction Units (ERUs) created by Joint Implementation (JI) projects located in countries with economies in transition that have taken on emission targets under the KP.  These transactions were valued at $29.76 billion (€22.82 billion) in 2006--nearly tripling market value in 2005.

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