EXCLUSIVE: Selected Carbon Credits Surge by One Third During Coronaviris Pandemic

By Mathew Carr

Dec. 17, 2020 — LONDON: The value of selected carbon credits has surged by about a third during the coronavirus pandemic, as companies bet on a green buildback.

NATURE-based credits have jumped by about $2 a ton to $8 a metric ton since March, said Eddie Listorti, chief executive officer at carbon advisory firm Viridios Capital in Sydney, Australia.

“It’s a steal at $6-$8,” Listorti said by phone.

That’s because credits at that price can include attributes of about 12 UN sustainable development goals. Also, EU carbon allowances, traded in the world’s biggest carbon market by traded volume, are changing hands today (Thursday) on the ICE Futures Europe exchange in London at about 32 euros ($39) a ton.

An artificial intelligence model used by Viridios values SDG credits at about $26-28 a ton, Listorti said.

“It’s still cheap given where EU carbon allowances are trading.”

Solar and wind emissions credits issued by Verra or Gold Standard have jumped in price by about 57% to $1.10 a ton since March, he said.

Maldon wildswim river, England

Standards that require companies to disclose their climate risks and measures to ensure a clean exit to the coronavirus pandemic are seen boosting demand for carbon credits.

Carbon credit demand underpinned:

$100 plus prices seen here within a decade:

Viridios website here:

Gold Standard here:

Verra here:

(Corrects spelling of Viridios above the link)


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