The booming carbon credit market was hit by the sale of shares

When stocks began to fall earlier this year, the booming carbon credit market also fell, as speculators cashed in on bets that demand from companies seeking to cut emissions would keep prices higher.

The average price of carbon credits peaked in early February at $13.10, according to energy data firm OPIS. But in March, as inflation rose and soaring energy prices clouded the global economic outlook, prices fell to an average of $8.17, according to OPIS data.


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