INSIGHTSSERIES
Environmental Markets | Carbon Markets
June 17, 2024
Carbon Markets Garner Regulatory Attention as States Explore Pathways to Net Zero
Regulatory developments are shaping the trajectory of carbon markets amid mixed auction outcomes.
Regulatory developments are shaping the trajectory of carbon markets amid mixed outcomes in recent allowance auctions. California, Quebec, and Washington are considering a shared carbon market highlighting the importance of collaborative efforts to tackle…Read the full report
Key Takeaways
- California, Québec, and Washington are exploring the formation of a shared carbon market allowing for joint auctions and uniform allowance prices, giving businesses access to a larger pool of allowances.
- Oregon is advancing rulemaking to reinstate the state’s Climate Protection Program after the program rules were invalidated by a court ruling last December.
- The Biden administration announced a policy statement and new principles to develop high-integrity voluntary carbon markets that can unlock private capital to drive decarbonization efforts.
