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Global carbon markets’ value dropped 38pct in 2013

Posted on 06 January 2014

Low carbon targets set by governments blamed by analysts for falling carbon price in EU and UN schemes. The value of global carbon markets dropped 38% to 38.4 billion euros ($52.9 billion) in 2013, as prices slid in the main EU and UN schemes and trade limited in new programmes, analysts at Thomson Reuters Point Carbon said this week.
The value of carbon permits and credits traded was down from 62 billion euros in 2012 and 96 billion euros in 2011, a two-year period in which benchmark EU carbon permit prices fell to 5 euros per tonne from 18 euros, the analysts said in a a report………………………………………..Full Article: Source


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