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<TITLE>State of the Voluntary Carbon Markets 2008 </TITLE>
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<P><FONT SIZE=2>Dear Interested Parties,<BR>
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Ecosystem Marketplace is very pleased to announce the release of our State of the Voluntary Carbon Markets 2008 report, which is freely available on our website www.ecosystemmarketplace.com. Created in partnership with New Carbon Finance, this report is our second annual market-wide quantitative analysis of the voluntary carbon markets. We believe this is the most comprehensive, publicly available analysis to date. This year we’re reporting:<BR>
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**In 2007 at least 65 million tonnes of carbon credits were transacted in the voluntary carbon markets with a total value of $331 million.<BR>
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**The average credit price rose 49% from 2006 to 2007, from $4.10/tonne to $6.10/tonne.<BR>
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**Volume in the over-the-counter (OTC) market nearly tripled in 2007, to 42 million tonnes of carbon credits transacted with a market value of $258 million in 2007.<BR>
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**In the OTC market, energy efficiency, renewable energy, methane destruction, and forestry/land based projects were the most dominant project types in 2007.<BR>
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The report is available for free:<BR>
<A HREF="http://ecosystemmarketplace.com/documents/cms_documents/2008_StateofVoluntaryCarbonMarket.4.pdf">http://ecosystemmarketplace.com/documents/cms_documents/2008_StateofVoluntaryCarbonMarket.4.pdf</A><BR>
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<A HREF="http://www.newcarbonfinance.com/download.php?n=2008_StateofVoluntaryCarbonMarket.pdf&f=fileName&t=NCF_downloads">http://www.newcarbonfinance.com/download.php?n=2008_StateofVoluntaryCarbonMarket.pdf&f=fileName&t=NCF_downloads</A><BR>
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I hope you find this report useful in your understanding about the voluntary carbon markets.<BR>
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Kind Regards,<BR>
<BR>
Thomas Marcello<BR>
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<BR>
Thomas Marcello<BR>
Forest Trends/ Ecosystem Marketplace<BR>
Research Assistant<BR>
(202) 701-7621</FONT>
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