The first annual increase in carbon market trading values
since 2011 will owe much to European Union action to delay allowance
auctions
The value of the global carbon market will reach EUR 46bn in 2014, according to Bloomberg New Energy Finance forecasts. This will be up 15% from last year but leave it well below the historical high of EUR 98bn in 2011.
The primary driver of this year’s increase will be the plan to postpone, or ‘backload’, auctions of European Union carbon allowances that would otherwise have taken place in 2014-16, into the later years of the decade. Backloading was approved by the European Parliament and Council late last year.
The value of the global carbon market will reach EUR 46bn in 2014, according to Bloomberg New Energy Finance forecasts. This will be up 15% from last year but leave it well below the historical high of EUR 98bn in 2011.
The primary driver of this year’s increase will be the plan to postpone, or ‘backload’, auctions of European Union carbon allowances that would otherwise have taken place in 2014-16, into the later years of the decade. Backloading was approved by the European Parliament and Council late last year.
