This year, North American carbon markets will more than double in value to $2.5 billion, according to market intelligence firm Thomson Reuters Point Carbon. The growth will be driven by activity in California, whose market will increase over four-fold year-on-year to 186 Mt.
Strong demand for California carbon allowances (CCAs), driven by hedging by power suppliers, should push the Californian market as a whole to $2.3bn this year. At state auctions Thomson Reuters Point Carbon predicts CCA prices will increase to around $11 per ton, only slightly above the minimum price of $10.71 per ton, due to a likely over-supply of allowances this year………………………………………..Full Article: Source