Linked global carbon market could be worth €800 billion
A linked global carbon market between six major regions could be worth €600–800 billion, European Energy Exchange (EEX) chief operating officer Maik Neubauer said today at a press conference
Neubauer pointed to estimates that put yearly mid-term growth of the EU emissions trading scheme (EU ETS) at around 35%, with conservative estimates putting a yearly growth for 2008-2012 at around 25%. Transactions in the EU ETS in 2006 were worth €18 billion, and EEX expects this to grow to €100–150 billion within the next five to 10 years. Neubauer feels a US trading scheme could be worth around five times the value of the EU ETS, and factoring in likely schemes in Canada, the former Soviet
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