• Gustavo Bernal Torres

Prices in the World’s Biggest Carbon Market are Soaring

Carbon prices are soaring 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.

  • Last year the value of global carbon markets hit a record €229bn, a five-fold increase from 2017. The EU’s emissions-trading system (ETS) accounts for nearly nine-tenths of both that value and that growth. In 2020 around €1bn-worth of emissions allowances changed hands a day, as well as lots of options and futures contracts. There are now clear signs that the market is joining the financial mainstream, with hundreds of investment firms trading in it.


Source: https://www.economist.com/finance-and-economics/2021/02/24/prices-in-the-worlds-biggest-carbon-market-are-soaring

0 comments

Recent Posts

See All

A green-finance boom has not been followed by bust. This year’s greenwashing scandals, and investors’ relaxed attitude towards them, have demonstrated an important truth: that there is money to be mad

Evidence from Environmental Integration and Sin Stock Exclusion. This paper shows how sustainable investing—through the joint practice of exclusionary screening and environmental, social, and governan