Press release: “The seventh annual World Bank carbon market intelligence study, released today at CARBON EXPO, shows that the global carbon market tripled in 2006—to US$30 billion from US$10 billion in 2005. The market was dominated by the sale and resale of European Union Allowances (EUAs) at a value of nearly US$25 billion. The projects-based market in developing countries and in countries with economies in transition grew sharply to US$5 billion in 2006, more than doubling over the previous year…“These numbers are relevant because they demonstrate that the carbon market has become a valuable catalyst for leveraging substantial financial flows for clean energy in developing countries,” said Warren Evans, World Bank Director of Environment.”