In 2012, the value of global carbon markets fell by 35%, from €96 billion to €62 billion. The average global carbon price fell by 49% to €5.82 per tonne in 2012, down from €11.45/t in 2011 and €13.09/t in 2010.
Category: European Union
Worst fortnight ever for carbon markets?
During the first week of the negotiations at COP18 in Doha, Martin Hession, a vice-chair of the Clean Development Mechanism (CDM), said that the main issue is, “[W]hat are the targets going to be in the future and what instruments are going to deliver on those targets.”
Corruption and REDD at the international level
Corruption and REDD at the international level: A presentation I gave at Transparency International Indonesia’s Jakarta office at the launch of their report “Keeping REDD+ clean”.
Disagreement on REDD finance during the “stalemate” climate negotiations in Bonn
Last year, emissions of carbon dioxide increased by 3.2% to 31.6 billion tonnes, according to figures released by the International Energy Agency. Fatih Birol, IEA’s chief economist told Reuters that, “[T]he trend is perfectly in line with a temperature increase of 6 degrees Celsius (towards the end of this century), which would have devastating consequences…
Cheap carbon and futurology: Two more reasons why REDD as a carbon trading mechanism makes no sense
Cheap carbon and futurology: Two more reasons why REDD as a carbon trading mechanism makes no sense.