BloombergBusiness

Green projects stay dirty as pollution-credit values tumble 98%

Green projects stay dirty as pollution-credit values tumble 98%

  • May 05, 2015
  • min read

BloombergBusiness

Green projects stay dirty as pollution-credit values tumble 98%

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.