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Transaction volume by project location, over-the-counter projects, 2007
| Asia | 39% |
| North America | 27% |
| Europe and Russia | 13% |
| Australia | 7% |
| Latin America | 7% |
| Other | 5% |
| Africa | 2% |
Adapted from: Hamilton K, Sjardin M, Marcello T, Xu G. 2008. Forging a frontier: state of the voluntary carbon markets 2008. San Francisco, CA: Ecosystem Marketplace; p. 7.
