Americas > Washington Q3 carbon auction settlement triggers second reserve sale, prompting sudden cost containment measures

Washington Q3 carbon auction settlement triggers second reserve sale, prompting sudden cost containment measures

Published 21:51 on September 6, 2023  /  Last updated at 18:27 on November 2, 2023  / /  Americas, US

The August auction for Washington’s WCI-modelled cap-and-invest programme sold out at a new high and triggered its second reserve sale this fall, according to results published Wednesday, though permit values tumbled on the secondary market after the Department of Ecology (ECY) revealed millions of these forthcoming cost containment allowances would be sold exclusively at the scheme’s lower reserve tier price – well below recent levels.
The August auction for Washington’s WCI-modelled cap-and-invest programme sold out at a new high and triggered its second reserve sale this fall, according to results published Wednesday, though permit values tumbled on the secondary market after the Department of Ecology (ECY) revealed millions of these forthcoming cost containment allowances would be sold exclusively at the scheme’s lower reserve tier price – well below recent levels.


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, log in here.

This page is intended to be viewed online and may not be printed.
As per our terms and conditions, the republication or redistribution of Carbon Pulse content can result in the suspension or termination of your subscription.