No matter how you slice it, the carbon credit world is big now and destined to get a lot bigger…

image_pdfimage_print

With the current focus on climate change and the need to reduce our global carbon footprint it would probably make sense to have an economic way for nations and companies to commoditize carbon in order to better track and deal with this problem. Well there is and it may come as a surprise to learn that there has been a fungible carbon emissions trading market since 2005 – the EU Emissions Trading System. Also known as EUAs (European Union Allowance), similar to other commodities, EUAs trade on the Intercontinental Exchange (ICE). The carbon emission contract trades in Euro on a per tonne of CO2 equivalent basis, with yesterday’s closing price at just over €52 and a 52 week range of €23 to just under €57.

There are many companies around the world, including financial…


Source link

About coldfusion

Check Also

🌱 Center Moriches-Eastport Daily: Survived 5 Frigid Days + ‘MLK’

Happy Wednesday, neighbors! Diane Witek here to get this day started off right. Here’s everything …

Leave a Reply

Your email address will not be published. Required fields are marked *