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California carbon prices remain steady on low volumes

June 24, 2013 by California Carbon

Climate Connect News, London: Prices of California Carbon Allowances (December 2013) showed little change over the last two weeks as transaction volumes fell. Due to lack of any significant market development, the traders avoided trading large volumes.

California carbon prices remain steady on low volumesThe allowances moved between $14.60 and $14.65 a tonne for most part of the week after opening at a two week high of $14.70 a tonne. The CCAs had reached this level on 07 June when the Southern California Edison had announced permanent shutdown of the San Onofre nuclear power plant. Over 600,000 allowances were traded on 07 June.

Minor market and regulatory updates like the decision of Los Angeles Department of Water and Power (LADWP)  to go ahead with its 100 MW solar power feed-in project without and delay and agreement between California and Chinese city of Shenzhen over exchange of carbon market expertise made had little to no impact on the prices or volume of the carbon allowances.

However, it would be interesting to see if the impending announcement by President Obama of emission standards for coal-based power plants would have any impact on the CCAs.

Keywords: CCA, ICE, California, LADWP, Carbon Emissions, Carbon Trading

Author: Climate Connect Limited

For more information about this article, contact: info@climate-connect.com

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