Americas > WCI Markets: CCAs stretch all-time highs near $38 as potential allowance budget cuts surprise, WCAs rise past Tier 2 reserve price

WCI Markets: CCAs stretch all-time highs near $38 as potential allowance budget cuts surprise, WCAs rise past Tier 2 reserve price

Published 22:57 on July 27, 2023  /  Last updated at 22:57 on July 27, 2023  / Matthew Lithgow /  Americas, Canada, US

California Carbon Allowance (CCA) prices barnstormed as much as 10% over the past two days to new record highs after the state published larger-than-expected scenarios for cutting cap-and-trade allowance supply, while Washington Carbon Allowance (WCA) values climbed ahead of the programme's permit reserve sale next month.
California Carbon Allowance (CCA) prices barnstormed as much as 10% over the past two days to new record highs after the state published larger-than-expected scenarios for cutting cap-and-trade allowance supply, while Washington Carbon Allowance (WCA) values climbed ahead of the programme's permit reserve sale next month.


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