In its first quarterly auction of 2022, emissions credits in the joint California-Quebec allowance auction sold for $29.15 per metric ton of carbon dioxide equivalent, or nearly $10 per metric ton more than the minimum price for allowances. Emissions credits sold in this market can be used to comply with California’s cap-and-trade program, which covers nearly all sources of emissions within the state, including electric utilities, industrial facilities, and distributors of natural gas and gasoline.
Prices for California’s emissions credits increase in early 2022 auction
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