California carbon trading at $15.70

The price for California carbon allowances (CCAs) to be used in the state’s emission reducing carbon market gained 10 cents on the previous week to close at $15.70.

However, some trades for CCAs to be delivered in 2013 were reported in the $16 range.

75,000 CCAs traded on the Intercontinental Exchange over the week.

The California Air Resources Board released notice for its allowance auction to be held on November 14.

The auction notice specified that 21.8 million CCAs for delivery in 2013 would be sold.