North America
March 18, 2024
Environmental Markets | Carbon Markets
Visual Primer Series
Visual Primer: U.S. Carbon Markets Adapt to Regulatory Changes Amid State-Level Emissions Reduction Efforts
As states explore market-based strategies to reduce emissions, carbon pricing mechanisms face evolving regulatory landscapes and mixed auction results.
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.
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