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N. American Carbon Markets to More Than Double This Year

2013-02-15 02:56:00| Climate Ark Climate Change & Global Warming Newsfeed

Environmental Leader: This year, North American carbon markets will more than double in value to $2.5 billion, according to market intelligence firm Thomson Reuters Point Carbon. The growth will be driven by activity in California, whose market will increase over four-fold year-on-year to 186 Mt. Strong demand for California carbon allowances (CCAs), driven by hedging by power suppliers, should push the Californian market as a whole to $2.3bn this year. At state auctions Thomson Reuters Point Carbon predicts CCA prices...

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