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Value of world CO2 markets to rise two-thirds in 2014

2014-02-27 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The world's carbon markets are estimated to rise in value by two-thirds this year to 64 billion euros ($87.5 billion), posting the first growth seen since 2011, analysts at Thomson Reuters Point Carbon said on Wednesday. The rise will be mainly fuelled by a jump in European carbon prices triggered by market intervention efforts, the analysts said, adding that traded volumes in the European Union's Emissions Trading System (ETS) are expected to climb to 8.3 billion tonnes this year from 8 billion...

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