| New participants in the secondary market for California carbon allowances have helped boost liquidity in recent days, providing a shot of life after weeks of stagnation, traders said on Friday. California carbon allowances for June delivery were last seen at $12.55 a tonne in the over-the-counter market, up 4 cents from Thursday's close after two straight days of above-average trading volumes, carbon brokers said.
"New blood has provided a boost," one broker said on Friday. "The market has had a malaise for some time but a couple new people have come in as buyers." The market, which launched in 2013 to cover utilities, oil refineries and manufacturers, expanded at the beginning of the year to cover transportation sector emissions, doubling its size. The newly covered entities include distributors of transportation fuels like gasoline and diesel...............................................Full Article: Source
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