California carbon trading at $12.70

The price for 2013 California carbon allowances (CCAs) closed at $12.70 in a busy week for the California carbon market.

Over 360,000 CCAs were transacted over the course of the week, the largest trading volume seen since early November.

Allowances for delivery in 2015 also received interest this week, with 70,000 CCAs exchanging hands.

100,000 carbon offset credits for use in the California market traded as well for $11 apiece.

The market continues to see forward prices above last month’s carbon allowance auction settlement price.