INSIGHTSSERIES
Environmental Markets | Carbon Markets
September 16, 2024
U.S. Carbon Markets Experience Dynamic Shifts as States Advance Climate Initiatives
Varied auction outcomes and emerging state programs highlight the complexities of carbon pricing in the U.S.
Recent developments in U.S. carbon markets highlight a changing landscape marked by fluctuating auction prices, new initiatives, and…Read the full report
Key Takeaways
- RGGI’s latest quarterly carbon auction cleared at record high prices generating about $410.5 million in auction proceeds.
- Clearing prices in the California-Quebec joint auction and Washington’s auction reflect a declining trend this year.
- Washington has begun rulemaking to link its cap-and-invest program with that of California and Quebec that operate a shared carbon market.
