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Why a Global Carbon Market is Coming Sooner Than You Think

2013-01-15 02:33:00| Climate Ark Climate Change & Global Warming Newsfeed

Fair Observer: As concern about global climate change and carbon emissions mitigation is becoming ever more important, governments and corporations across the world have introduced innovative strategies to reduce steadily rising carbon emissions. Some of these strategies such as carbon taxes, energy efficiency strategies, command and control policies and market-based pollution trading mechanisms have been around for some time. However, they were previously used for other pollution control purposes, besides that...

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Carbon traders deliver record activity during 2012, but market value plummets

2013-01-03 11:56:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: The value of the global carbon market contracted for the first time last year, according to new figures from Bloomberg New Energy Finance (BNEF) that show market activity only reached EUR61bn in 2012, a decline of more than a third on the previous year. The drastic drop in the value of the market was caused by a near halving in the average price of carbon credits from EUR11.2 a tonne in 2011 to just EUR5.7 a tonne last year, the result of over-supply in the EU's emissions trading scheme (ETS)...

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