Entitled Fortifying the Foundation: State of the Voluntary Carbon Markets 2009 to reflect the proliferation of new registries and other market infrastructure technologies, the report is published by Ecosystem Marketplace and New Carbon Finance with sponsorship from Essent Trading, Evolution Markets, TZ1, JP Morgan, TÜV SÜD, Greenhouse Gas Services LLC, Baker & McKenzie, MF Global, and Karbone.

The aim of the report is to provide an overview of the market's size and growth, as well as the motivating factors driving market participants.

Highlights include:

• The voluntary carbon markets nearly doubled in size and more than doubled in value between 2007 and 2008, from 65 million tonnes of credits traded worth US$331 million in 2007 to 123 million tonnes worth $705 million in 2008.

To read the executive summary of the report click here.