CaliforniaCarbon.info publishes the annual update to its market-leading forecast for WCI Cap-and-Trade. The 2021 compendium combines the latest industrial data across each major sector to give an update on the near-term emissions outlook as the North American economy climbs its way out of the effects of COVID-19. The new report also is sensitive to the change in Federal climate policy after Biden’s April announcements.

Our updated forecast finds that WCI 2020 emissions are expected to be slightly higher than earlier predicted in our January 21 model run.

Perhaps most significantly, the analysis includes potential program scenarios and price pathways through to 2050. The 2050 scenarios are built around the targets presented in California and Quebec’s Climate Goals. This represents one of the market’s first ever 2050 carbon price forecasts under multiple regulatory and economic scenarios, this sort of time-range will be crucial for long-horizon decision-making for businesses throughout California and Quebec.

This report estimates Californian and Quebec emissions in specific sector and entity-level detail for 2020 and 2021, and in the light of the recent pandemic, it charts the probable pathways back to a more normal level of economic activity. We have also updated the model scenarios to better reflect the new normal which economies may well be heading towards.

This report is for members only. Purchase Report