Energy Risk USA: Firms optimistic about California carbon market
A panel of energy market participants, including representatives of Texas-based power generator Calpine and California-based oil and gas firm Chevron, expressed confidence in the future of the Californian emissions market at the Energy Risk USA conference on May 15.
Created under Assembly Bill 32 (AB 32), California's carbon market was launched with an inaugural quarterly auction of California Carbon Allowances (CCAs) on November 14 last year. A second auction was held on February 19 and a third
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A survey by Risk.net and ION Commodities found that firms are wary of using carbon offsets in their net-zero strategies. While this is understandable, given the reputational risk of many offset projects, it is likely to be extremely difficult and more…
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