Value of global CO2 markets hit record 144 billion euros in 2018: report

FILE PHOTO: Smoke and steam billow from Belchatow Power Station, Europe's largest coal-fired power plant operated by PGE Group, at night near Belchatow, Poland December 5, 2018. REUTERS/Kacper Pempel

LONDON (Reuters) – The value of traded global markets for carbon dioxide (CO2) allowances soared 250 percent last year to a record high of 144 billion euros ($164 billion), analysts at Refinitiv said on Wednesday. The overall figure was pushed higher by the soaring cost of carbon permits in Europe’s Emissions Trading System, (ETS) which […]

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