California Cap-and-Trade: Price of Carbon Allowances Fell in Latest Auction
Allowance prices for greenhouse gas emissions decreased by 11% in California’s quarterly joint carbon auction held in May 2024, breaking the recent upward trend amid uncertainty as to how the state regulator will amend rules governing the auctions. The auctions are part of the state’s Cap-and-Trade Program, governed by the California … [continued] The post California […]
Allowance prices for greenhouse gas emissions decreased by 11% in California’s quarterly joint carbon auction held in May 2024, breaking the recent upward trend amid uncertainty as to how the state regulator will amend rules governing the auctions. The auctions are part of the state’s Cap-and-Trade Program, governed by the California … [continued]
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