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    WASHINGTON, D.C. -- The U.S. Environmental Protection Agency on Tuesday began etching the regulatory framework for the underground storage of carbon dioxide. Capturing carbon dioxide emissions from fossil fuel-fired power plants and injecting it deep in the earth is touted by many as a potential weapon against climate change.
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State and Trends of the Carbon Market 2008

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The World Bank examines the state of the global carbon markets, mainly the Kyoto Protocol's Clean Development Mechanism and European Union Emission Trading Scheme, and looks at what is driving growth in carbon offsets and trading, where projects are being funded and what is in store in the coming years.

Along with delving into supply and demand, it looks at what types of projects are being supported, which countries stand to gain from the markets and why prices vary among projects. Included is the analysis is a call for a change in how to reform and improve the Clean Development Mechanism.
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