A market is a grouping of related carbon instruments, usually for a given country, region or sector.
Instruments are named <region> <sector> <fuel type>, for example GB EG Coal.
Region is usually the country two letter ISO code.
Sector codes are as follows -
A dollar price is listed for each instrument, as is a green/red percentage increase/decrease in price over the last 24 hours.
Tap on an instrument to reveal the open, high, low and close price. Current energy output, carbon emissions and carbon intensity are shown also.
Prices are updated intraday in conjunction with availability of latest global temperature anomaly (TA) data.
Tap on the chart button to reveal a chart showing price movements for the last 24 hours.
Price History Chart Close* US Example Prices are taken from the book, The Price of Carbon.
* Real-time price views can be switched on/off in settings.
The Carbon Intensity map shows carbon intensity values for specific countries. Carbon Intensity is a measure of the average amount of CO2 emitted for each MWh of energy produced.
Countries using a high proportion of fuel types with a high CO2 intensity such as coal, will have a higher overall carbon intensity value.
The Emission Rates map shows the total amount of CO2 emitted per year for specific countries.
The Carbon Emissions charts show the proportion of CO2 emitted arising from fuel consumption. Charts are by sector, country and fuel type.
The Fuel Usage charts show the proportion of fuel consumption by sector, country and fuel type. Fuel usage is measured in ktoe/y (thousand tons of oil equivalent per year).
The Energy Usage charts show the proportion of electricity and heat consumed by sector, country and fuel type. Energy usage is measured in GW (gigawatt).
CloseA market is a grouping of related carbon instruments, usually for a given country, region or sector.
Markets are grouped into views, usually by sector, for example electricity generation.
Markets may be sorted alphabetically, or in decreasing order of carbon intensity.
Carbon Intensity provides a comparative per country emission rate based fuel type usage. It is expressed in terms of tonnes of CO2 emitted per megawatt hour of energy consumed (tCO2/MWh).
For example the larger the proportion of dirty fuel types used, such as coal, the higher the carbon intensity. Conversely the larger the proportion of clean fuel types used, such as solar, the lower the carbon intensity.
CloseCarbon emissions are grouped into sectors, each aligned to energy supply, transformation and consumption sectors as follows:
Each fuel has a specific carbon intensity. Carbon intensity is the amount of CO2 emitted per unit of energy generated during combustion. Emission factor is the quantity of emissions released during a particular activity such as combustion.
CloseThe Carbon Intensity map shows carbon intensity values for specific countries. Carbon Intensity is a measure of the average amount of CO2 emitted for each MWh of energy produced.
Countries using a high proportion of fuel types with a high CO2 intensity such as coal, will have a higher overall carbon intensity value.
The Emission Rates map shows the total amount of CO2 emitted per year for specific countries.
CloseThe Carbon Emissions charts show the proportion of CO2 emitted arising from fuel consumption. Charts are by sector, country and fuel type.
The Fuel Usage charts show the proportion of fuel consumption by sector, country and fuel type. Fuel usage is measured in ktoe/y (thousand tons of oil equivalent per year).
The Energy Usage charts show the proportion of electricity and heat consumed by sector, country and fuel type. Energy usage is measured in GW (gigawatt).
CloseThe Price History charts shows historical prices per fuel type for a given country.
Trends in the carbon prices of different fuel and/or energy types are modulated by variations in the PAL carbon price derived from PAL Gamma and PAL's NOAA-based real time temperature anomaly.
For the energy-only trends, the prices are further influenced by ever-changing mixture of power sources (gas, nuclear, wind etc.) feeding the grid. The intra-day movement is driven by the weighted average ‘carbon intensity’ of the grid, typically 450 grams CO2/kWh.
At night, when nuclear power makes meets a greater proportion of the load, the carbon intensity falls and the carbon prices go up proportionately. This ensures that the (hypothetical) revenue needed to pay for CO2-induced loss and damage is still forthcoming.
Compare the charts of the UK (a carbon intense grid) with France (a low carbon grid).
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The PAL Carbon Balance Sheet charts shows total losses attributable to climate change (DR), PAL Carbon revenue (CR), and the balance (DR+CR).
Losses are calculated using the PAL engines ability to fingerprint the proportion of loss events that are attributable to climate change.
Revenue is the carbon price multiplied by annual carbon emissions.
The balance should net to zero, however there may be notional differences due to rounding.
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