15 days ago • Posted by William Ramstein

Carbon trading goes viral; big energy beef up on carbon trading divisions

Big traders such as Vitol Group, the world’s biggest independent oil trader, and Glencore GLNCY 1.00% PLC aren’t waiting. Privately held commodity-trading houses Trafigura Group Pte. Ltd. and Mercuria Energy Ltd. are beefing up their trading capabilities, too. The value of the carbon market could exceed the oil market’s value by 2030, possibly even by 2025 if swift action is taken and regulations are implemented. In July, Mercuria launched a carbon-trading desk of 13 people. @WSJ