WCI Markets: CCAs prices slide into New Year, Washington allowances soar ahead of programme launch

Published 22:44 on January 5, 2023  /  Last updated at 23:14 on January 5, 2023  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCA) prices began 2023 by eating into the end-of-year run-up, as Washington Carbon Allowance (WCA) prices continued to accelerate ahead of the official launch of the cap-and-trade system on Sunday, jumping more than 20% over December.

*Programming note: Due to greater volatility and a more robust infrastructure that has developed around the WCI and RGGI markets over the past several years, we are now splitting our weekly NA Markets report in two. Our reporting on developments and trends in the California-Quebec market under WCI, along with the new WCI-modelled Washington state carbon market, will continue to publish on Thursdays, while our RGGI reporting will now feature in its own article on Mondays or Tuesdays, depending on federal holidays. For questions or feedback, please contact matt@carbon-pulse.com*

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