Dow Jones: The global carbon market is set to contract in value this year for the first time since carbon trading began and despite higher volumes traded as prices have collapsed on the economic downturn, Point Carbon said Tuesday. According to the carbon finance consultancy, the global CO2 market is expected to be worth EUR62.6 billion, or 32% less than the EUR92 billion seen last year. The values are based on Point Carbon’s price forecasts for European Union Allowances and secondary Certified …