Change the future. Growth opportunities exist as more countries move toward carbon markets and the transition to net zero, and existing carbon markets continue to evolve in order to incentivise changes in production and consumption patterns toward decarbonisation.
In 2021, the top three carbon futures markets grew 165% by trading volume and traded US$683 billion futures market value.
More than 190 countries have committed to the Paris Agreement’s net zero emissions by 2050 and limiting global temperature rises this century to be well below 2 degrees Celsius.
To achieve this goal, it is estimated that the carbon price needs to be between US$40 to US$80 per tCO2e. Right now, only about 4% of global emissions are covered by a carbon price at and above this range.
Growth opportunities exist as more countries move toward carbon markets and the transition to net zero, and existing carbon markets continue to evolve in order to incentivise changes in production and consumption patterns toward decarbonisation.
I have been looking for a Carbon Credit stock, or ETF, for a while and this may fit the bill.
I’m interested because I can’t see how big businesses and government are going to meet their emissions targets for 2030-2050 with the current technology and plans in place. The only way they might get there is to offset emissions by buying credits.
Getting in early to these things while we try to make emissions targets might be a good bet.
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