Carbon Markets 16 Times Cheaper Than Renewable Subsidies

From Bloomberg, "Carbon Markets 16 Times Cheaper Than Renewable Aid, OECD Says" by Mathew Carr:

Carbon markets are more than 16 times cheaper at cutting greenhouse gases than renewable subsidies paid to power producers, according to the Organization for Economic Cooperation and Development.

The cost of reducing carbon dioxide in the electricity generating industry using emissions trading systems is 10 euros ($13.56) a metric ton on average, compared with 169 euros for feed-in tariffs, the OECD said today in a report. Some feed-in tariffs can cost more than 700 euros a ton, the Paris-based OECD said in the study based on data from 15 countries, including China and the U.S.