Carbon markets hit a milestone: US offsets trading eclipses international markets

US carbon markets hit a milestone recently. New Energy Finance reports that the volume of carbon credits traded among a group of Eastern states exceeded the volume of credits traded internationally as part of the so-called clean Development Mechanism. The CDM market funnels payments from wealthy countries to fund lower-cost carbon offsets in developing nations. The details on the volumes of these trades can be found in NEF’s release.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.