WCI Markets: CCAs gain ground in absence of expected imminent drivers, WCAs remain elevated on back of tight supply

California Carbon Allowance (CCA) prices increased more than 3% week-on-week (WoW) amidst a lack of clear, imminent fundamental drivers, while Washington Carbon Allowances (WCAs) remained elevated around the trigger price for reserve volumes on the back of ongoing tightness of supply and demand, traders said.