INSIGHTSSERIES
Environmental Markets | Carbon Markets
March 23, 2026
Carbon Pricing March 2026 Update
From Virginia’s potential reentry into RGGI to California’s program updates, states are strengthening carbon markets.
Recent developments across U.S. carbon markets reflect growing momentum, as states expand…Read the full report
Key Takeaways
- Legislative efforts pave the way for Virginia’s return to RGGI after its 2023 exit amid strong demand in the latest auction, which generated a record-high revenue of $652 million.
- California is considering amendments to its cap-and-invest program, formerly known as cap-and-trade, following legislation that extended the program through 2045.
- Washington is moving closer to linking its carbon market with California and Québec following the release of a draft linkage agreement, with a shared market anticipated in 2027.
