Although  the  first  period  of  the  Kyoto  Protocol  comes  to  an  end  in 2012, a follow-up agreement is still nowhere in sight. Faced with a lack of  regulatory  guidance,  it  is  difficult  to  project  carbon  credit  demand going ahead without first understanding the driving forces.

Tuomas Rautanen – Senior Analyst at First Climate – is sheding some light regarding some of these driving forces. His analysis is available here:  Determining carbon credit demand until 2020