Carbon markets poised for rapid growth
Surging prices signal arrival of emerging asset class, with voluntary market expected to grow exponentially over coming decades, conference speakers say
Carbon markets are at an inflection point where growth is accelerating on the back of strong demand for credits and rapid price gains are highlighting their attraction as an emerging asset class, according to investors and analysts. A rally in carbon prices in recent weeks following the global energy crunch and last month’s Cop26 climate talks has emphasised the role of carbon markets in sustainability and helping to achieve net-zero goals. The EU’s Emissions Trading System last week saw prices touch a record €90/t CO₂ ($102/t CO₂), up from around €26/t at the start of the year. Australian carbon credit unit prices have climbed over the same period to nearly A$43/t from A$16/t, with similar
Also in this section
3 May 2024
Developers look to government’s forthcoming budget to restore support as industry suffers loss of momentum
1 May 2024
Abundant storage and low cost of capturing CO₂ from sharply rising gas production mean NOC’s ambitious CCUS targets look well within reach
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist