California carbon allowances trading at $14
California carbon allowances (CCAs) for use in the state’s carbon market closed the week at $14 apiece.
The California carbon market continues to see large volumes of CCAs trading as more entities have begun participating since the beginning of the year.
Last week a record 1.1 million vintage 2013 CCAs exchanged hands.
California’s next carbon allowance is scheduled for February 19, when the floor price for CCAs will be raised to $10.70.