Coming into its own - Prices in the world's biggest carbon market are soaring | Finance & economics
Coming into its own Investors are paying attention; many see it as a one-way bet A S FINANCIAL MARKETS become cheerier about the pace of vaccinations and the chances of a speedy economic recovery, the prices of stocks, commodities and all sorts of assets are rising. So too are carbon prices in Europe, home to the world’s largest emissions-trading system. Prices have surged by 60% since November; on February 12th they hit a record high of nearly €40 ($49) per tonne of carbon-dioxide equivalent (see chart). Listen to this story Enjoy more audio and podcasts oniOSorAndroid. Last year the val...
Source: economist.com