The value of the global carbon market soared 13.5 percent in 2022 to a record high of 865 billion euros. This growth was mainly due to an increased demand for carbon permits, which culminated in surging prices. Carbon trading is the purchase and sale of credits that allow a company or entity, such as a power plant, to emit a certain amount of carbon dioxide. The European Union Emission Trading System is the largest carbon market based on value, and accounted for roughly 87 percent of the global market size in 2022.
Value of the carbon market worldwide from 2018 to 2022
(in billion euros)
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Refinitiv. (February 6, 2023). Value of the carbon market worldwide from 2018 to 2022 (in billion euros) [Graph]. In Statista. Retrieved October 11, 2024, from https://www.statista.com/statistics/1334848/global-carbon-market-size-value/
Refinitiv. "Value of the carbon market worldwide from 2018 to 2022 (in billion euros)." Chart. February 6, 2023. Statista. Accessed October 11, 2024. https://www.statista.com/statistics/1334848/global-carbon-market-size-value/
Refinitiv. (2023). Value of the carbon market worldwide from 2018 to 2022 (in billion euros). Statista. Statista Inc.. Accessed: October 11, 2024. https://www.statista.com/statistics/1334848/global-carbon-market-size-value/
Refinitiv. "Value of The Carbon Market Worldwide from 2018 to 2022 (in Billion Euros)." Statista, Statista Inc., 6 Feb 2023, https://www.statista.com/statistics/1334848/global-carbon-market-size-value/
Refinitiv, Value of the carbon market worldwide from 2018 to 2022 (in billion euros) Statista, https://www.statista.com/statistics/1334848/global-carbon-market-size-value/ (last visited October 11, 2024)
Value of the carbon market worldwide from 2018 to 2022 (in billion euros) [Graph], Refinitiv, February 6, 2023. [Online]. Available: https://www.statista.com/statistics/1334848/global-carbon-market-size-value/
