Backloading buoyancy: Carbon markets' year in the sun

The week in clean energy saw predictions the value of carbon markets will rise in 2014 for the first time in years, while Europe also laid out options for a 2030 renewables policy.

The value of the global carbon market will reach €46 billion in 2014, according to Bloomberg New Energy Finance forecasts published last week. This will be up 15 per cent from last year but leave it well below the record high of €98 billion in 2011. The first annual increase in carbon market trading values since 2011 will owe much to European Union action to delay allowance auctions, which would have otherwise taken place in 2014-16.

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