Carbon Market Value to Climb 15% in 2014
Global carbon markets’ value will rise 15 percent this year to 46 billion euros ($63 billion), Bloomberg New Energy Finance forecasts.
The analysts attribute the increase to the European Union’s plan to postpone sales of emissions permits. This may boost European carbon prices to 7.5 euros ($10) a metric ton — a more than 50 percent rise from today’s price of less than 5 euros ($7).
The value of North American carbon markets is also expected to increase in 2014, New Energy says.
The only carbon markets to grow in volume and price over 2013 were those in North America, according to analysts at Thomson Reuters Point Carbon.
While global carbon markets’ value dropped 38 percent to 38.4 billion euros ($52.9 billion) last year, the market spanning California and Quebec now has the highest permit prices in the world, at $10.71 per metric ton.
Energy Manager News
- Put Safety First in LED Installations
- Microsoft: Data Centers to Use 50% Renewables by 2018
- Solar Installation Dedicated in Brooklyn
- Duke Energy SC Customers Have Reaped $5M in Solar Rebates Since Last October
- BidEnergy Launches Its ‘Source-to-Pay’ Process for Energy in U.S. Market
- Garden State Residential, Commercial Customers Will Pay Less for Gas This Winter
- Better Buildings, Better Plants: 12 Success Stories
- CA Governor Signs Bill Clarifying PACE Disclosures