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Carbon markets: 3 things to look for in 2023
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Report summary
Carbon markets face both opportunities and challenges with rising energy prices and deteriorating macroeconomic trends in 2022. Market confidence is gradually restoring as governments reinforce their climate commitments and look to unlock the potential of carbon pricing in their decarbonisation path. 2023 will be the year that carbon markets further evolve with less uncertainty after they proved their resilience amid volatile market situations. In this report, we outline three key things to watch closely in the new year.
Table of contents
- Carbon prices will continue to increase and expand
- Carbon border tax to come
- Revenues from carbon markets will finance climate change mitigation and adaptation
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