An ag economist says recent increases to carbon prices are reflecting rising interest from corporations and consumers.
Matt Gammans with Michigan State University has been following market trends on the New York Stock Exchange.
“Just in the past month we’ve seen a 30 percent increase in these prices and these are also way up from last summer—about double,” he says.
Gammans says higher prices are also trickling down to farmers, pointing to Indigo doubling carbon financing to $40 a ton over last year.
