Americas > WCI Markets: WCAs plummet 20% after steep Q3 auction clear triggers surprise cost relief measure

WCI Markets: WCAs plummet 20% after steep Q3 auction clear triggers surprise cost relief measure

Published 22:49 on September 7, 2023  /  Last updated at 14:39 on September 8, 2023  / Allison Gacad /  Americas, US

Washington Carbon Allowances (WCAs) took a nosedive Wednesday after the state government said it will sell millions of forthcoming reserve allowances solely at the scheme’s lower tier price, with a state senator also unveiling draft legislation in the wake of the record high Q3 auction results publication to provide cost relief by raising the programme’s near-term allowance budgets.
Washington Carbon Allowances (WCAs) took a nosedive Wednesday after the state government said it will sell millions of forthcoming reserve allowances solely at the scheme’s lower tier price, with a state senator also unveiling draft legislation in the wake of the record high Q3 auction results publication to provide cost relief by raising the programme’s near-term allowance budgets.


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