Following news that the state’s largest emitter was looking to purchase carbon allowance and offsets, California carbon allowances (CCAs) saw prices rise to $15 per ton.
The Intercontinental Exchange saw 130,000 CCAs trade this week after Pacific Gas & Electric announced it was looking to buy a substantial amount of carbon to meet new state requirements beginning in 2013.
Carbon offsets saw a very busy week as well, with 180,000 Ozone Depleting Substances (ODS) credits trading at upwards of $9
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