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Commodities Briefing - Categorized | Environmental Trading more

A global carbon market? We’re not confident

Posted on 22 April 2013

If you had asked me yesterday, I would have said we are on the verge of a global carbon market that was shaping up to look quite attractive. Ask me today, after the EU voted down a backloading proposal, and I’m not so sure. There are other big carbon markets forming and they are starting to cross borders, but the EU’s is the largest and now it will lose its impetus, which could set back the whole thing.
Before yesterday’s vote in the EU parliament, predictions were that the global trade in carbon would grow by 13-14% this year, to reach a volume of 12 gigatons of carbon dioxide equivalent. ……………………………………….Full Article: Source


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VRS - who has written 36748 posts on Opalesque Commodities Briefing.


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