The price of carbon has almost doubled since the beginning of the year. Farmers will be eagerly awaiting Minister Eamon Ryan's plans to pay farmers to store that carbon.
Whitethorn hedging ready for planting. Hedgerows can store large amounts of carbon.
ADVERTISEMENT
The value of carbon credits, which companies buy in order to be allowed to emit 1t of carbon, has almost doubled since the beginning of the year.
The EU’s Emissions Trading System (ETS) allows those storing carbon, like farmers and forest owners, to trade that carbon with those emitting carbon.
The price of that carbon increased to €60.76/t in the last two days of August. It had been rising steadily since 19 August when it was at €53.50/t.
ADVERTISEMENT
The price has almost doubled since the start of the year – it was at €33.69/t on 4 January. The price reported is the December 2021 futures price.
As carbon markets look positive farmers, will no doubt be eagerly awaiting Minister for the Environment Eamon Ryan’s plans to pay farmers to store carbon which he announced in late June.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
The value of carbon credits, which companies buy in order to be allowed to emit 1t of carbon, has almost doubled since the beginning of the year.
The EU’s Emissions Trading System (ETS) allows those storing carbon, like farmers and forest owners, to trade that carbon with those emitting carbon.
The price of that carbon increased to €60.76/t in the last two days of August. It had been rising steadily since 19 August when it was at €53.50/t.
The price has almost doubled since the start of the year – it was at €33.69/t on 4 January. The price reported is the December 2021 futures price.
As carbon markets look positive farmers, will no doubt be eagerly awaiting Minister for the Environment Eamon Ryan’s plans to pay farmers to store carbon which he announced in late June.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS