ICIS launches 2030 Forecast for California Carbon Allowances

30 January 2015

As the California/Quebec Carbon Market develops, stakeholders have becoming increasingly interested in what the dynamics of the Cap-and-Trade program will look like post-2020.

In the authoritative ICIS 2030 Forecast for California Carbon Allowances Report, we explore how different scenarios of supply and demand will alter the price of California Carbon Allowances (CCAs) through 2030.

Subscribe to ICIS Carbon Market Analytics to learn about potential paths for the California cap-and-trade system post-2020, explore key drivers for emissions in the next decades, and understand the Californian carbon price impact of regulatory or economic changes. 

Highlights of this report:

  • ICIS expects CCA prices to stay close to the price floor in the upcoming years
  • An ambitious target and program structure through 2030 could lift prices significantly
  • ICIS expects prices to hit $50 per tonne by 2030 - depending on the level of ambition of the 2030 target and associated policies, prices could range from $30 to $70
  • Behaviour of market participants is key to assess when prices will lift off the floor price
  • Subsequently, changes in price should alter behaviour and fundamental emissions
  • ICIS expects a shortage of offsets through 2020 and beyond
About ICIS

ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling our customers to make better-informed trading and planning decisions. We have more than 30 years' experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts.

With a global staff of more than 800, ICIS has employees based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. Some 350 of ICIS’s staff are journalists engaged in reporting market prices and news, and ICIS is fully committed to upholding the highest journalistic principles of verification, corroboration and authentication. ICIS has a compliance framework that along with its methodologies and business processes adheres to the requirements of the IOSCO PRA Principles.

ICIS is a division of Reed Business Information, part of RELX Group.

About Reed Business Information

Reed Business InformationReed Business Information provides information and online data services to business professionals worldwide. Customers have access to our high-value industry data, analytics, information and tools. Our strong global brands hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day. RBI is part of RELX Group plc, a world-leading provider of information solutions for professional customers across industries.

About RELX Group RELX Group

RELX Group plc is a world-leading provider of information solutions for professional customers across industries.

We help scientists make new discoveries, lawyers win cases, doctors save lives, and executives forge commercial relationships with their clients. We help insurance groups offer customers lower prices by assessing risk better, and save taxpayers and consumers money by enabling governments and financial groups to detect fraud.

ICIS News

React quickly to real-time breaking news and maintain your competitive advantage in this dynamic industry.

ICIS news provides you 24 hour global coverage. Our expert editors bring you the latest market moves, capacity, shutdowns, analysis, data and more for over 180 commodities.

The service is reliable, independent, authoritative and customized to your needs.

Learn about ICIS News 

Energy

Price assessments, indices, news and analysis for the oil, gas, liquefied natural gas, carbon and coal sectors.