California carbon trading at $15

Following news that the state’s largest emitter was looking to purchase carbon allowance and offsets, California carbon allowances (CCAs) saw prices rise to $15 per ton.

The Intercontinental Exchange saw 130,000 CCAs trade this week after Pacific Gas & Electric announced it was looking to buy a substantial amount of carbon to meet new state requirements beginning in 2013.

Carbon offsets saw a very busy week as well, with 180,000 Ozone Depleting Substances (ODS) credits trading at upwards of $9