California ponders $1 billion carbon revenue

California ponders $1 billion carbon revenue California is already considering its options on how to spend revenue generated from its carbon market. According to the state’s budget report, carbon allowance auctions will contribute over $1 billion to the state over the...

Investment firm eyes forest offsets

Investment firm eyes forest offsets An Australian environmental firm has created a new investment fund geared towards forest carbon offset projects accepted for use in California’s carbon market. Specifically, the firm is interested in Improved Forest Management...

10,000 carbon allowances trade at $15.75

10,000 carbon allowances trade at $15.75 California continued to see high carbon prices following Pacific Gas & Electric’s entrance into the market last week, when prices jumped as high as $16. This week saw less volume trading on the Intercontinental Exchange...

US approves nuclear plant construction

US approves nuclear plant construction For the first time in over 30 years, the US has approved designs to construct nuclear power plants. Southern Company, an Atlanta utility firm, will build two new plants at its current nuclear power plant in Georgia. The...

California carbon trading at $15

California carbon trading at $15 Following news that the state’s largest emitter was looking to purchase carbon allowance and offsets, California carbon allowances (CCAs) saw prices rise to $15 per ton. The Intercontinental Exchange saw 130,000 CCAs trade this week...