As carbon pricing gains traction as a policy tool to combat climate change and achieve net-zero emissions, regulatory attention on U.S. carbon markets has been on the rise. Recent developments in state-level emissions trading programs have yielded mixed results…Read the full report …...
As carbon pricing gains traction as a policy tool to combat climate change and achieve net-zero emissions, regulatory attention on U.S. carbon markets has been on the rise. Recent developments in state-level emissions trading programs have yielded mixed results, with Washington's latest allowance auction seeing a significant price drop, while California, Quebec, and the Regional Greenhouse Gas Initiative (RGGI) cleared at record high prices.
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 …...
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 higher energy prices.
U.S. carbon markets demonstrated robust participation in recent auctions including Washington’s two consecutive auctions that sold out of carbon permits and raised over $850 million under…Read the full report …...
U.S. carbon markets demonstrated robust participation in recent auctions including Washington’s two consecutive auctions that sold out of carbon permits and raised over $850 million under the state’s cap-and-invest program launched this year. However, carbon-trading programs continue to face opposition in some jurisdictions over concerns of higher ratepayer bills.
Heightened activity around carbon pricing mechanisms reflects the need for expedited measures to align with ambitious emissions reduction trajectories.
Stringent climate policies have prompted discussions around comprehensive cap-and-invest programs to address emissions across multiple sectors. Several U.S. states have devised bold climate action plans that call for transformations across industry, energy, and transportation sectors.
Discussions about carbon pricing continue to evolve as the strategy is increasingly viewed as a policy tool that can play an expanded role in a broader policy mix to meet ambitious climate goals.
U.S. carbon markets drew strong participation in recent auctions reflecting potentially higher demand for carbon allowances in anticipation of more stringent federal and state climate policies. Washington is advancing a new cap-and-invest program, while Vermont is examining options for a similar initiative to cut transportation sector emissions.
