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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