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Australian carbon market worth$6.58 bln in first year: Carbon Market Institute

Australia’s carbon market was worth $6.58 billion in its first year of operation, according to the Carbon Market Institute.

The group said that covered entities emitted 286.6 million tonnes of carbon dioxide during the scheme’s first year.

“Given the first compliance year has a fixed price of $23 per carbon unit, the Carbon Market Institute (CMI) estimates the total value of the Australian carbon market at approximately $6.58 billion,” the report said.

To access the full document, click here.

Find out more about the carbon market here.

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