Producers opt for V23 CCA net length over next year’s contract, speculators bet on RGGI

Emitters favoured this year's California Carbon Allowance (CCA) vintage contract as prices stalled prior to a workshop-fuelled rally, while financial players went in the opposite direction on the V24 contract and also picked up a significant amount of RGGI Allowances (RGAs), data from the US Commodity Futures Trading Commission (CFTC) showed Friday.