The value of the global carbon market will fall in 2012, according to Bloomberg New Energy Finance (BNEF), which has reduced its forecast of the market’s worth in 2012 by 16%. This will be the first time the market has shrunk in value. Between 2010 and 2011, the market grew by 10%. Because of the plummeting carbon price, €85 billion ($111 billion) worth of carbon trades will take place in 2012, down from its previous estimate of €101 billion, the analysis firm said on Thursday.
Thursday, April 5, 2012
Carbon market value to slump in 2012
The value of the global carbon market will fall in 2012, according to Bloomberg New Energy Finance (BNEF), which has reduced its forecast of the market’s worth in 2012 by 16%. This will be the first time the market has shrunk in value. Between 2010 and 2011, the market grew by 10%. Because of the plummeting carbon price, €85 billion ($111 billion) worth of carbon trades will take place in 2012, down from its previous estimate of €101 billion, the analysis firm said on Thursday.
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