INSIGHTSSERIES
Environmental Markets | Carbon Markets
December 18, 2023
Growing Role of Carbon Markets in the Drive to Attain Net-Zero Emissions
Recent allowance auctions in U.S. carbon markets demonstrated strong participation amid opposition to cap-and-trade programs in some states.
Discussions around carbon markets reflect the growing emphasis on collaborative efforts to advance climate solutions. Despite gaining prominence as an efficient market-based solution to reduce emissions, carbon trading initiatives face obstacles due to concerns of…Read the full report
Key Takeaways
- RGGI’s 62nd quarterly carbon auction cleared at record high prices generating nearly $412 million in auction proceeds.
- The Pennsylvania Commonwealth Court has ruled that regulations authorizing the state’s participation in RGGI are invalid.
- Washington has announced plans to pursue linkage of its cap-and-invest program with similar emissions-trading programs in California and Québec.
