Carbon Market Value to Gain 15% in 2014 on EU Surplus Fix
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The value of the global carbon market will rise 15 percent this year to 46 billion euros ($63 billion), driven by the European Union’s plan to postpone sales of pollution permits, according to Bloomberg New Energy Finance.
The measure may push European carbon prices up more than 50 percent on average to 7.5 euros a metric ton this year from less than 5 euros today, New Energy said in a statement. The value of carbon markets in North America is expected to climb in 2014, according to the London-based carbon analysis group.