Carbon offsets gird for lift-off as big money gets close to nature reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
The total value of global carbon markets jumped 20% last year to a record 229 billion euros ($277 billion) on the expected tightening of emissions caps, research by Refinitiv showed on Wednesday.
Emissions trading in Europe and China Written by David Perilli, Global Cement
10 February 2021
The European Union (EU) Emissions Trading Scheme (ETS) looked like it might be about to hit Euro40/t this week. It still might. You can blame it on the current cold front bringing snow to much of Northern Europe and the bedding into of the fourth phase of the ETS that started in January 2021. In early 2020 analysts were generally predicting an average price of around Euro30/t by 2030 bolstered by volatility in the price due to the start of the coronavirus pandemic. Yet the price recovered and so did the European Commission’s resolve to push through its European Green Deal. By mid-December 2020 the price had shot past Euro30/t and analysts were forecasting average prices of well over Euro50/t by 2030. Depending on one’s disposition this is the rate at which either serious decarbonisation attempts will begin to be viable for commer