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Carbon Derivatives and Environmental Products
Emilie Mazzacurati, Point Carbon, a Thomson Reuters company
‘Carbon markets are different from other commodity markets in that they are not just influenced by policy decisions but created by them: the value of the underlying commodity depends entirely on policy and politics.’
WHAT ARE CARBON MARKETS?
Carbon markets are spot and derivatives markets created by governments to help reduce greenhouse gas emissions (GHG) at the lowest possible cost. The underlying commodity is virtual: the right to emit greenhouse gases. The government creates a ...
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