Americas > PREVIEW: ARB’s ETS rulemaking delays recast WCI Q4 auction sentiment lower, outsized ACP positions skew expectations

PREVIEW: ARB’s ETS rulemaking delays recast WCI Q4 auction sentiment lower, outsized ACP positions skew expectations

Published 02:37 on November 20, 2024  /  Last updated at 02:37 on November 20, 2024  / and /  Americas, Canada, US

A larger cross-section of traders polled expect the last quarterly California-Quebec current vintage carbon allowance auction for 2024 to clear discounted to front-month California Carbon Allowance (CCA) prices after market sentiment soured with ARB delaying cap-and-trade regulatory updates, but unusual Auction Clearing Price (ACP) futures open interest (OI) could skew the outcome.
A larger cross-section of traders polled expect the last quarterly California-Quebec current vintage carbon allowance auction for 2024 to clear discounted to front-month California Carbon Allowance (CCA) prices after market sentiment soured with ARB delaying cap-and-trade regulatory updates, but unusual Auction Clearing Price (ACP) futures open interest (OI) could skew the outcome.


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