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CO2 Market to Grow 15% This Year, New Energy Forecasts

Global carbon markets will grow 15 percent in 2011, the most in three years, on higher prices and increased demand for emission allowances from energy companies, analysts at Bloomberg New Energy Finance said.

Emission markets worldwide will expand to 107 billion euros ($139 billion) this year from 93 billion euros last year as European power producers buy more permits before they are forced to pay at auctions starting in 2013, London-based analysts led by Guy Turner said today in an e-mailed report.