UPDATE – California’s Newsom proposes tougher 2030 GHG goal, pushing up CCA prices

Published 18:26 on August 9, 2022  /  Last updated at 22:09 on August 9, 2022  /  Americas, Canada, US  /  No Comments

California Governor Gavin Newsom (D) has called for lawmakers to ratchet up the ambition of the state’s 2030 GHG reduction target, according to a document circulated to legislators this week and seen by Carbon Pulse, which sent California Carbon Allowance (CCA) prices to a two-month high on Tuesday.

*Updates with further price movements on Tuesday afternoon, lawmaker comments*

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