BloombergBusiness
In their climate pledges for after 2020, the EU and the US said that they don't immediately intend to use international carbon markets, which had an average price of 7.25 euros a ton since 2008. Instead, the UK is subsidizing offshore wind that costs about 100 euros a ton of carbon dioxide saved, while Germany is considering closing coal stations at a cost of about 50 euros a ton, according to data from Bain & Company.