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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.

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11 thoughts on “Carbon Market Value to Climb 15% in 2014

  1. Is this a Carbon Tax yet, Dougie Troll?
    Sure sounds like it.
    A tax that corporations will pass on to the working poor.
    A tax that does NOT prevent Global Warming, even though we are in Global Cooling.
    In 1999, Al Gore said that the polar ice caps would disappear by 2014. It’s 2014 and the ice caps are still there. Where’s Al’s apology?

  2. I’m sure it sounds that way to you, CO2good. You appear to be hard-wired to suspect ‘carbon taxes’ behind every rock and tree in the landscape.
    On the other hand, to people connected to the real world, this is not a carbon tax. All these carbon markets are part and parcel of carbon cap&trade mechanisms. And as I have explained to you numerous times elsewhere, cap&trade does not equal a tax – period. No matter how many times you bleat to the contrary.
    Item: we are not in “global cooling” – what a crock that comment is. As I have likewise explained to you numerous times, 98% of global climatologists accept the overwhelming scientific evidence supporting AGW: http://www.pnas.org/content/107/27/12107.full.
    Item: global warming is not a commercial product, complete with a spokesperson. It is not defined by what Al Gore or any other celebrity or talking news head may say. I don’t know whether you quoted Gore correctly or not – but it doesn’t matter anyway.
    Global warming is a scientific summary of decades and decades of observation, of prediction and confirmation, of climate modeling and refinement; and (to repeat yet again for those too wrapped up in their own fantasyland to notice) it is the conclusion of 98% of top climatologists from all over the world.

  3. The carbon credit auctions are not a tax – period. By definition, a tax is something you have no choice about paying. But participation in the carbon auctions is optional. Companies are not required to participate, and therefore any company that chooses to participate is not paying a “tax”.
    By the way – in case you didn’t notice, CO2good, or if it was simply inconvenient for you to take into account; that $63 Billion figure is the total value of all carbon markets combined, around the entire world. It is not the amount of money any one government ‘collects’. Furthermore, in both California and in the RRGI market in New England; the money collected by carbon auctions is returned to the public in the form of state funding of various energy efficiency programs and other initiatives. In other words, the public and the companies who bought the carbon credits in the auction, both benefit directly by receiving monies back from the state. The state does not simply hoard that money.

  4. And if your memory is not too selective, CO2good, you may recall the debates in this country around 2008 where the relative merits of a “carbon tax” were being compared with those of a carbon cap&trade system. Which clearly implies that everyone participating in those debates (much of the public as well as all members of congress and the administration) implicitly accepted the fact that there must be a fundamental difference between cap&trade systems and a “carbon tax”. So the two concepts are clearly not synonymous.

  5. So, your opinion of “public good” means there is no tax?
    So, if the money “benefits” the “public” there is no tax?
    Very interesting.
    So, gas tax & highway taxes are not tax, because they are, to some degree, used to build roads, which benefit some portion of the public. Try buying gas without paying the tax.
    Likewise, property taxes are not really taxes, because that money collected benefits some portion of the public. And no one makes you pay your property taxes. You pay them voluntarily. If you don’t, the sheriff will remove you and the county will sell your property to someone else.
    Nope. Those aren’t taxes at all.
    Just because a “law” requires you to pay, doesn’t make it a tax either.
    And just because the “tax” (not a tax) is sent to Canada, doesn’t mean that the Crown gets it, it is for the benefit of the Canadian trees, so it can not be a tax. Because Dougie Troll declares it so.
    Where do those Canadian trees bank at anyway? Do they pay taxes to the Crown that are not taxes too?
    It’s an amazing world in Dougie Troll land. It truely is.
    Just think of all the good those hard earned tax dollars did when invested in Solyndra. It’s the thought that counts, not the reality, right Dougie the Troll?

  6. In 1999, Al Gore said that the polar ice caps would disappear by 2014. It’s 2014 and the ice caps are still there. Where’s Al’s apology?

  7. No, CO2good – you can try to twist my post all you want, but my argument is not what you try to portray. As I clearly stated above, the carbon auctions cannot, by definition, represent a tax because participation in those auctions is entirely voluntary. Paying taxes is not voluntary, but carbon auction participation is – and is therefore not a tax. So much the better if auction proceeds are used for public good – but no matter what they are used for, the auctions themselves are not taxes.
    And I was wondering when you were going to pull out your lunatic claim that carbon auction proceeds are sent to Canada, to Canadian trees, and/or to the “Crown”. Elsewhere (https://www.environmentalleader.com/2013/11/25/carbon-market-in-ca-caps-off-successful-first-year/#comment-1290445) I provided a word-for-word quote from the actual CA auction proceeds investment plan; that clearly and unequivocally states how CA auction proceeds are to be distributed to CA state agencies and not to Quebec or to any other entity – period. Here is that quote again: “This implementing legislation requires that the Department of Finance (Finance) submit a plan to the Legislature which identifies priority investments that will help achieve greenhouse gas reduction goals. Funding will be appropriated to State agencies by the Legislature, consistent with the three-year investment plan submitted by the Administration.” Proof of that is to be found here: http://www.arb.ca.gov/regact/nonreg/2013/ghgreductfund13.pdf. In part, this reference states “In 2012, the Legislature passed … three bills … that together establish a framework for developing an investment plan for projects and programs to be funded with Cap-and-Trade auction proceeds. … The implementing legislation establishes a two-step process for allocating funding to State agencies”. Notice that it does not say ‘allocating funding to the Crown’, nor does it say ‘allocating funding to the Queen’. Nor does it say ‘allocating funding to Canadian trees’.

  8. And since CO2good keeps posting the same useless comments on various threads, I will keep posting the debunkings appropriate for each one:
    Global warming is not a commercial product, complete with a spokesperson. It is not defined by what Al Gore or any other celebrity or talking news head may say. I don’t know whether you quoted Gore correctly or not – but it doesn’t matter anyway.
    As noted above, global warming is a scientific summary of decades and decades of observation, of prediction and confirmation, of climate modeling and refinement; and it is the conclusion of 98% of top climatologists from all over the world.

  9. And in case CO2good needs further evidence that carbon auctions are not taxes, see right here, where CO2Good is further debunked by the CA Superior Court: https://www.environmentalleader.com/2013/11/15/court-upholds-california-carbon-auctions/. A lawsuit “argued the permits constitute an illegal tax.” And guess what – the California Superior Court rejected that legal challenge.
    Guess I wasn’t the only one to see through the type of “carbon tax” falsehoods being advocated by CO2Good – a federal judge does so as well.

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