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Say Bye Bye to Cheap Carbon Credits

Recent analysis by New Carbon Finance (NCF) reveals most of the easy carbon credit projects are already being availed and chances are high that such low-price credits will diminish sharply in future. Afterwards, greater efforts and higher investments would have to be put in to gain carbon credits.

Cheap Carbon Credits

Up till now, most cheap credits have come mainly from elimination of two kinds of waste gases, HFC-23 and N2O. These two gases have a greater impact on global warming as compared to carbon dioxide. Due to this larger scale of emissions reductions, low-investment projects have resulted in cheaper carbon credits. However, since most projects cutting these two gases are already operational, future projects would have to earn credits through renewable energy and energy efficiency. This may result in at least a fivefold increase in project costs, which would eventually raise the price of carbon.

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