RTCC: The amount of carbon credits traded on the global markets shrunk by 38% in 2013, reflecting the lack of pressure companies face to reduce their emissions.
According to analysis by Thomson Reuters Point Carbon, a total of EUR38.4 billion worth of allowances were traded on the global carbon markets last year, down from EUR62bn in the previous year. This shows a continuing decline since the market peaked at EUR96bn in 2011.
Volumes of traded carbon also decreased from 10.7 billion to 9.2 billion...