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Carbon trading runs out of gas

Posted on 03 January 2014

The volume of carbon trading has fallen heavily since the 2009 Copenhagen agreement, and market participants are advocating radical steps to revive the market. Carbon trading may yet have its day, but dawn seems a long way off. The market has had a truly dismal year and, as permit prices languish and carbon offset projects dry up, many banks are reducing or eliminating their commitment to it.
The global carbon market was worth $142bn in 2010, as reported by the World Bank. The following year it was down to $95bn, according to Bloomberg New Energy Finance (BNEF), and in 2012 it slumped to $61bn……………………………………….Full Article: Source


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VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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