Carbon market worth plunged by over a third in 2012: Bloomberg

Analysis from Bloomberg New Energy Finance shows that trading across the world’s carbon markets reached record levels of activity in 2012 – up 26% on the previous year – equivalent to a third of the world’s CO2 emissions.

The flip side to the increase in trading activity however was the decline in value of the world’s carbon market. This fell to €61bn in 2012 – a drop of 36% compared to 2011 and just below the value of the market in 2008. This is the first-ever annual decline of its value and the result of severely depressed price levels caused by oversupply in main market of the EU ETS.

Bloomberg: Press Release, 03.01.13: Carbon market activity highest on record http://about.bnef.com/2013/01/03/carbon-market-activity-highest-on-record-2/

ESO: Key source: Emissions Trading System (EU ETS) http://www.europeansources.info/record/emissions-trading-system-eu-ets/

ESO: Background information: Emissions trading: Commission presents options to reform the European carbon market http://www.europeansources.info/record/press-release-emissions-trading-commission-presents-options-to-reform-the-european-carbon-market/

ESO: Background information: MEPs push to fast-track carbon market debate http://www.europeansources.info/record/meps-push-to-fast-track-carbon-market-debate/

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