Carbon Taxes > Middle East oil project generates offsets valued near $400/t for niche EU market

Middle East oil project generates offsets valued near $400/t for niche EU market

Published 23:54 on August 25, 2020  /  Last updated at 22:33 on September 15, 2020  / /  Carbon Taxes, EMEA, International, Kyoto Mechanisms, Paris Article 6, Switzerland

Offset credits from an emissions reduction project at a Middle East oil production facility have been valued near $400/tonne, the first awards in an under-the-radar EU market where strict limits have resulted in some of the world’s highest carbon prices.
Offset credits from an emissions reduction project at a Middle East oil production facility have been valued near $400/tonne, the first awards in an under-the-radar EU market where strict limits have resulted in some of the world’s highest carbon prices.


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, log in here.