When stocks started falling earlier this year, Booming market for carbon credits also fell, as speculators bet money that demand from companies looking to reduce their emissions would drive prices up.
According to energy data company OPIS, the average price for carbon credits peaked in early February at $13.10. But in March, as rising inflation and soaring energy prices clouded the global economic outlook, prices fell to an average of $8.17, OPIS data showed.
