NA Markets: CCAs recover from sell-off, RGGI plunges from records on possible Virginia exit

Published 21:02 on December 9, 2021  /  Last updated at 21:02 on December 9, 2021  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCA) prices this week made up all of their losses after a massive sell-off as traders pointed to speculative interest and options positions as drivers, while RGGI Allowance (RGA) values soared to a new all-time high before plunging after Virginia’s governor-elect announced he intends to pull the state out of the market next year.

California Carbon Allowance (CCA) prices this week made up all of their losses after a massive sell-off as traders pointed to speculative interest and options positions as drivers, while RGGI Allowance (RGA) values soared to a new all-time high before plunging after Virginia’s governor-elect announced he intends to pull the state out of the market next year.

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