Booming Carbon-Credits Market Took Hit as Stocks Sold Off

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When stocks started to tumble early this year, the

booming market for carbon credits fell too, as speculators cashed out on bets that demand from companies looking to reduce their emissions would keep prices rising.

The average price for carbon credits peaked in early February at $13.10, according to the energy-data firm OPIS. But in March, as inflation rose and surging energy prices dimmed global economic prospects, prices fell to an average of $8.17, OPIS data shows.