INSIGHTSSERIES
Environmental Markets | Carbon Markets
March 17, 2025
U.S. Carbon Markets Navigate Policy Shifts and Uncertainty
From rising auction prices in Washington to uncertainty over Virginia’s return to RGGI, U.S. carbon markets navigate a changing landscape.
Carbon markets across the U.S. are experiencing shifts, with Washington’s auction prices climbing for the second consecutive time and potential market linkages taking shape, while…Read the full report
Key Takeaways
- Washington’s latest carbon auction rose for the second time in a row, clearing at a price 24 percent higher than the previous auction, reflecting market confidence following rejection of a ballot measure aimed to prohibit the program.
- California, Québec, and Washington have officially expressed their interest in the potential formation of a shared carbon market between the three jurisdictions.
- The Circuit Court of Floyd County has ruled that Virginia does not have to rejoin RGGI while the state appeals the court’s earlier decision, which ruled that removal from the program is unlawful.
