This statistic represents the value of the global carbon market between 2013 and 2016. In 2016, the carbon market, where CO2 emission certificates like EU allowances and UN certificates are traded, is forecast to reach a value of around 60 billion euros.
Carbon emissions trading by companies
There are various types of emission policies that aim to curb greenhouse gas emissions. The carbon emissions trading or cap and trade, which generally targets carbon dioxide (CO2), is one of the most common methods used around the world. The global carbon market has reached some 48.3 billion euros by 2015. Carbon trading allows a company or country with higher emissions to purchase permits to emit more, while others with lower emissions can trade their emission permits. Over the last few years, the cost of permits have risen which have increased the cost of activities that are greenhouse gas emission-intensive.
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Thomson Reuters. (January 11, 2016). Global carbon market value from 2013 to 2016 (in billion euros) [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/223516/global-carbon-market-value-forecast/
Thomson Reuters. "Global carbon market value from 2013 to 2016 (in billion euros)." Chart. January 11, 2016. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/223516/global-carbon-market-value-forecast/
Thomson Reuters. (2016). Global carbon market value from 2013 to 2016 (in billion euros). Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/223516/global-carbon-market-value-forecast/
Thomson Reuters. "Global Carbon Market Value from 2013 to 2016 (in Billion Euros)." Statista, Statista Inc., 11 Jan 2016, https://www-statista-com.ezproxy.canberra.edu.au/statistics/223516/global-carbon-market-value-forecast/
Thomson Reuters, Global carbon market value from 2013 to 2016 (in billion euros) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/223516/global-carbon-market-value-forecast/ (last visited September 20, 2024)
Global carbon market value from 2013 to 2016 (in billion euros) [Graph], Thomson Reuters, January 11, 2016. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/223516/global-carbon-market-value-forecast/