Green Energy: Could carbon credits be the next boom market?
Energy
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Forget copper and iron ore, could planting trees and storing carbon be the next boom market?
Carbon prices in the EU’s long established Emissions Trading Scheme have sailed through the roof in 2021 as investor pressure grows and emissions reductions targets gain increased corporate traction.
The price of carbon has soared to records not seen since the launch of the market in 2005 of over 50 euros a tonne, with some especially above-consensus analysts predicting it could climb as high as 110 euros by the end of the year.
Carbon price futures in 2021. Pic: Ember Climate/Intercontinental Exchange