INSIGHTSSERIES
Environmental Markets | Carbon Markets
June 22, 2026
Carbon Pricing June 2026 Update
From tighter emissions caps to regional market integration, U.S. carbon markets continue to build momentum despite challenges.
U.S. carbon markets are advancing on multiple fronts, with states tightening emission caps, pursuing market linkage, and…Read the full report
Key Takeaways
- Virginia has completed the regulatory actions necessary to rejoin RGGI effective July 1 after its 2023 exit, amid strong auction outcomes, with the clearing price climbing 40 percent from the last quarter.
- California has adopted amendments to its cap-and-invest program to align the market with the state’s 2030 and 2045 greenhouse gas reduction targets.
- Oregon’s Climate Protection Program is facing a new lawsuit challenging the state’s authority to implement the program less than two years after it was reinstated.
