Price of carbon allowances in California’s Cap-and-Trade Program fell in latest auction

July 31, 2024 9 0

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Allowance prices for greenhouse gas emissions decreased by 11% in California’s quarterly joint carbon auction held in May 2024, breaking the recent upward trend amid uncertainty as to how the state regulator will amend rules governing the auctions.

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Price of carbon allowances in California’s Cap-and-Trade Program fell in latest auction

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U.S. refining capacity increased in 2023 with expansions at existing facilities

Price of carbon allowances in California’s Cap-and-Trade Program fell in latest auction

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Canada's crude oil has an increasingly significant role in U.S. refineries

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