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Carbon market worth plunged by over a third in 2012

Posted on 08 January 2013

The value of the world’s carbon market fell by 36% last year, according to Bloomberg New Energy Finance, the first annual contraction to hit the CO2 reduction mechanism since 2008.
The worth of traded EU carbon allowances and UN emissions credits fell from €95 billion in 2011 to a reported €61 billion. Analysts blame a near halving of the average price of carbon allowances from €11.2 a tonne in 2011 to €6.4 a tonne by the end of 2012………………………………………..Full Article: Source


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