IHS Markit launches Global Carbon Index

The IHS Markit Global Carbon Index has been unveiled, claiming the title as the first benchmark for the global price of carbon credits.

According to the Index, the global weighted average price of carbon credits is $23.65, and since the beginning of 2018, the total return potentially gained by investors in global carbon is 132 per cent.

“The IHS Markit Global Carbon Index creates a valuable new benchmark for corporations, investors and financial services firms, all of which have to navigate the emerging but increasingly important markets for carbon credits,” said Sophia Dancygier, managing director and head of Indices at IHS Markit.

The Global Carbon index tracks the performance of the largest, most liquid and most accessible tradable carbon markets, namely the EU Emission Trading System (EU ETS), the California Cap-and-Trade Program, and the Regional Greenhouse Gas Initiative (RGGI).

The IHS Markit Global Carbon Index was developed in consultation with Climate Finance Partners, a specialist in climate finance.

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