The European Union’s carbon market has recently encountered a notable downturn, marked by carbon prices plummeting to a 28-month low. This decline can be attributed to a combination of factors, including macroeconomic uncertainties and reduced volatility in global gas and power markets. Amidst this challenging market environment, the EU has unveiled an ambitious new climate...Read More

In 2023, the value of traded global markets for carbon dioxide (CO2) permits surged to a historic high of 881 billion euros ($948.75 billion), according to analysts at LSEG. This marked a 2% increase compared to the previous year, highlighting the growing importance of carbon markets in addressing climate change. The rise in value can...Read More