Carbon right is the first time in the history of mankind where abstract environmental concepts have successfully transformed into financial instrument that can be concretely priced economic-wise.
The permitted carbon emission volume for the two sides involved in carbon transaction (for example: a nation or a company) uses a unit of measurement which is ton of carbon dioxide equivalent (tCO2e).
The fluctuation of carbon right pries is very drastic – even exceeding twenty Euros at one point. However, since the US announced its withdrawal from the COP21 Paris Accords, the price of carbon rights fell back below one Euro.
This article is also published in INSIDE（標題 ：【硬塞科技字典】什麼是碳權 (Carbon Right)？）