Speculators raise RGGI net position to 5-mth high, compliance shores up across North American cap-and-trade markets

Financial players closed out short positions in RGGI Allowances (RGAs) while compliance entities continued to bolster net holdings across North American carbon markets, as WCI prices inched higher following last week’s auction of California Carbon Allowances (CCAs), data from the US Commodity Futures Trading Commission (CFTC) showed Friday.