Americas > California carbon prices surge to all-time high after state floats steep allowance budget cuts

California carbon prices surge to all-time high after state floats steep allowance budget cuts

Published 23:46 on July 26, 2023  /  Last updated at 22:57 on October 30, 2023  / /  Americas, Canada, US

California regulator ARB on Wednesday presented several scenarios for removing cap-and-trade permits in order to hit the state’s more ambitious emissions reduction goals, sending allowance prices skyward to record highs as traders expressed surprise at the magnitude of the potential supply cuts.
California regulator ARB on Wednesday presented several scenarios for removing cap-and-trade permits in order to hit the state’s more ambitious emissions reduction goals, sending allowance prices skyward to record highs as traders expressed surprise at the magnitude of the potential supply cuts.


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