Americas > WCI Markets: Brief CCA optimism fades as California governor proposes rebranded ETS extension to 2045 with limited details

WCI Markets: Brief CCA optimism fades as California governor proposes rebranded ETS extension to 2045 with limited details

Published 20:48 on May 14, 2025 / Last updated at 00:54 on May 15, 2025 / / Americas, Canada, US

Governor Gavin Newsom (D) released plans Wednesday to extend California’s market-based emissions trading scheme past its current 2030 sunset date in a revised budget proposal, sparking a brief spike in California Carbon Allowance (CCA) futures.
Governor Gavin Newsom (D) released plans Wednesday to extend California’s market-based emissions trading scheme past its current 2030 sunset date in a revised budget proposal, sparking a brief spike in California Carbon Allowance (CCA) futures.


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