The ICE exchange from London closed up its CO2 operations. In fact, all exchanges rose up yesterday as a consequence of the Greek compromise.
- EUA spot: € 7.76
- EUA Dec 15 futures: € 7.80
- CER Dec 15 futures closed: € 0.44
- Brent Crude spot: $ 58.51
- German Power Front Month (September 15): € 32.10
The International CO2 Voluntary Market
According to 2015 Ecosystem Marketplace Report, voluntary buyers (companies and individuals) spend nearly USD 4.5 billion on offsets to combat climate change impacts. Also, in the last 10 years, the voluntary carbon market reached 1 billion tonnes of CO2, according to the same Report.
The voluntary carbon market represents all voluntary initiatives of private companies and individuals who, not being constrained by any imposed or mandatory legislation, devote their efforts to reduce greenhouse gas emissions by calculating and offsetting their carbon footprint through purchases of voluntary CO2 certificates, issued by certified standard organizations, such as Gold Standard from Switzerland and Verified Carbon Standard from the US.
Business benefits of these voluntary actions of sustainability consist in promoting their image as leaders in the emerging market trend “zero CO2 or zero carbon”, that will become, eventually, a prerequisite.
We remain at your disposal for further details or you can read more here.