In 2009 The Environment Exchange (t2e) traded 1 million tonnes. This year, in a difficult market, t2e is on target to exceed this figure with year on year growth in traded tonnage up some 1.5%. 58% of this volume has been in the Forward Markets as participants have exploited the price certainty and security of these contracts, up on 33% last year. Of course the 40% reduced trading fees have may have also contributed to this shift.