Major players show support for California carbon trading

US carbon market

Barclays Capital and NRG Power Marketing have made the first forward trade of California Carbon Allowances (CCAs) under the state’s Assembly Bill (AB) 32 cap-and-trade programme.

This is an important signal from two major carbon market players, according to Greg Arnold, managing partner at CE2 Capital Partners, a North American carbon asset manager. “They are making a positive statement in support of the market and we applaud that,” he says.

AB 32 was passed in 2006 by the California state congre

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