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  / Ben Garside /  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.


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