The volume of carbon traded globally is likely to rise by 14 per cent this year despite depressed prices, but this growth is unlikely to last, analysts say.
Research by Thomson Reuters Point Carbon finds around 12 gigatonnes of CO2 will be traded over 2013, with most of the growth coming from the 10 billion EU Allowance (EUA) credits expected to change hands - a rise of 40 per cent on 2012.
Anders Nordeng, senior analyst at Thomson Reuters Point Carbon and author of the analysis, said large volumes coming to market through auctioning would trigger more exchange trades, while the current volatility of prices is driving high levels of speculative trading.
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