Americas > Washington state’s first carbon permit auction of 2024 settles near floor, futures tumble 13%

Washington state’s first carbon permit auction of 2024 settles near floor, futures tumble 13%

Published 21:08 on March 13, 2024  /  Last updated at 01:34 on March 21, 2024  / Joan Pinto /  Americas, US

Washington's Q1 auction settled less than $2 from the scheme’s floor price and about 50% below where the prior sale had cleared, results published Wednesday showed, as growing uncertainty surrounding the future of the state’s nascent cap-and-invest programme deterred buyers and weighed on the secondary market.
Washington's Q1 auction settled less than $2 from the scheme’s floor price and about 50% below where the prior sale had cleared, results published Wednesday showed, as growing uncertainty surrounding the future of the state’s nascent cap-and-invest programme deterred buyers and weighed on the secondary market.


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