| California's newly expanded carbon market is off to a better-than-expected start to the year, with strong trading volumes driven by new participants, traders said on Tuesday. The market's benchmark December 2015 (v15) contract settled at $13.10 a tonne on Tuesday, up 8 cents from the previous day's close on the IntercontinentalExchange.
Traded volumes on Tuesday topped 2.7 million allowances, well above the average daily volumes last year, traders said, with buyers picking up allowances for a range of delivery dates...............................................Full Article: Source
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