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| Paris, France The Carbon
Emission
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| Executive Summary | 03 | |
| Introduction | 04 | |
| Market Definitions | 05 | |
| The Kyoto Protocol | 05 | |
| The EU ETS | 06 | |
| Other Schemes | 10 | |
| Market Participants | 11 | |
| Market Overview | 16 | |
| Market Size | 16 | |
| Product Traded | 21 | |
| Pricing of Carbon Emission Instruments | 23 | |
| Carbon Emission Exchanges | 26 | |
| The ECX | 26 | |
| The CCX | 29 | |
| NordPool | 31 | |
| Powernext Carbon | 34 | |
| Conclusions | 37 | |
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