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The Market Is Finally Putting a Realistic Price on Carbon

10 February, 2022 What’s clean, invisible, and has notched up a better investment performance than Bitcoin and (briefly) GameStop Corp. stock over the past 12 months?

European carbon credits. The instruments are auctioned to major polluters in the European Union and exchanged in the bloc’s Emissions Trading System, or ETS, to encourage them to price and reduce their emissions. Bloomberg reports that they’ve risen about 131% in a year, hitting an intraday record of 98.49 euros ($112) a metric ton on Tuesday, 8 February 2022.