06.01.2015 - Global carbon market value to hit €70bn this year
The value of global carbon markets is set to near €70bn this year after strong growth in 2014, according to a major new analysis. Point Carbon at Thomson Reuters says a 15 per cent rise saw the global carbon market hit €45bn on the back of higher prices in Europe and North America and it now expects a further rise to €69.6bn during 2015 - a 55 per cent increase. The forecast is based on a higher turnover of European Union Allowances (EUAs), the main units traded under the EU Emissions Trading Scheme (EU ETS), as well as a virtual doubling of the volume of trades in North America's Western Climate Initiative (WCI) to 610 Mt following the expansion of the scheme's emissions cap to include transportation fuels and natural gas - a move which should translate into larger auction volumes and higher secondary market liquidity...............................................Full Article: Source
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