Carbon trading is the process of companies and traders trading permits and credits, allowing users to emit a certain amount of carbon dioxide.
This steady rise in carbon trading demand caused several trading exchanges, such as CBL Markets, to expand rapidly and introduce new types of emissions trading contracts, as investor needs kept getting more varied and complex.
Rene Velasquez, CBL Head of Global Carbon believes that this may be the year to reach out to an even bigger market share, as over $1bn of credits were traded over the past year, which is only expected to keep increasing this year as well.
With the global climate crisis advancing at an alarming rate, governments and corporations alike have finally roused to action, with the more ambitious ones setting net-zero targets for the next couple of decades.
This is expected to be backed up by the Taskforce on Scaling Voluntary Carbon, private organisations comprised of academics, a number of companies, international bodies and civil society.
For some developed countries, such as France and Britain, which have emission trading systems, this can be a helpful way of helping them meet carbon emission standards by steadily making it more expensive.
These efforts to reach a more sustainable goal, however, especially on the part of companies, has also come under a fair share of criticism, with some investors wondering if it may be “greenwashing”.
The size of the potential loss is limited to the funds held by us for and on your behalf, in relation to your trading account.
Closed joint-stock company “Capital Com Bel” is regulated by National Bank of the Republic of Belarus, registered by Minsk city executive committee 19.03.2019 with company registration number 193225654.