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Carbon Market Value to Climb 15% in 2014

From Environmental Leader , Published 09 January 2014

‚Äč 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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