California Cap and Invest 15 Day Package – CCA Demand Supply Outlook, Rulemaking Updates and Q2 2026 CCA/WCA Pre-Auction Analysis

Join us for cCarbon’s quarterly webinar providing insights on CARB’s newly released 15-day package, aimed at addressing the industry’s concerns regarding the Jan 2026 ISOR. Also, we will cover other rulemaking updates and present our auction expectations for the Q2 2026 auctions in the Western Climate Initiative (California–Québec) and Washington’s cap-and-invest program.

This webinar is open to cCarbon’s Essential and Analytics Pro members subscribed to our Cap and Trade markets. Can’t make it live? No problem – the recording and slides will be available in the cCarbon Webinar Archives. Not a member and still interested in attending? Sign up for our Essential Plan to get access to this webinar and a growing library of premium content. You can also simply register, and we’ll reach out with more details.

More About the Webinar

Alongside WCI, Washington’s cap-and-invest program continues to evolve as a significant regional carbon pricing mechanism, contributing to broader market dynamics across North America. As regulatory updates, emissions trajectories, and allowance budgets continue to shape compliance demand, auctions remain a key mechanism for price discovery and allowance distribution across these markets. Market participants rely on auction outcomes to inform procurement strategies, evaluate compliance cost exposure, and assess future price trajectories based on evolving policy and supply fundamentals.

cCarbon will present an analysis on recent trends in allowance price and trading for both Cap and Trade markets, as well as providing our expectations for participation and clearing prices. Recent developments in the WCI market have been influenced by regulatory updates, structural supply adjustments, and evolving expectations regarding long term allowance availability. Changes introduced through recent rulemaking processes, including updates to allowance supply trajectories and allocation structures, have influenced market sentiment and contributed to shifting expectations around price stability over the medium term horizon. In parallel, the Washington cap-and-invest market continues to develop liquidity and trading depth as covered entities refine compliance strategies and align procurement decisions with program requirements. Auction participation levels, bid coverage ratios, and clearing price trends provide important signals regarding market balance and perceived allowance scarcity, particularly as covered entities adjust to declining allowance budgets across compliance periods.

This is an invaluable presentation for all stakeholders in CA-QC and WA, providing important views on current trends and what to expect going forward. The webinar will provide insights into demand supply dynamics influencing auction outcomes, including allowance bank levels, emissions trends across covered sectors, and policy developments that may influence future compliance demand. cCarbon’s analysis framework integrates market data, regulatory developments, and scenario modelling outputs to provide a structured perspective on price formation drivers and expected auction behavior. Participants will gain a clearer understanding of how recent policy updates and market fundamentals interact to influence allowance price expectations and participation patterns. As compliance markets continue to evolve in response to tightening emissions caps and expanded program coverage, understanding auction dynamics remains critical for compliance entities, financial participants, and other market stakeholders seeking to evaluate risk exposure and procurement timing decisions.

The webinar will also provide context on broader developments shaping the WCI and Washington markets, including structural factors influencing allowance supply availability, interactions between emissions trajectories and allowance budgets, and the role of auctions in supporting market liquidity. Auction outcomes serve as a benchmark indicator for market expectations regarding future price direction, reflecting both near term compliance demand and longer term views on market balance. By providing an overview of recent trading activity, allowance price trends, and expected auction participation levels, the webinar aims to support informed decision making for entities participating in these compliance markets. Stakeholders across the California Quebec and Washington programs will benefit from an analytical perspective on how evolving market conditions may influence auction performance and compliance cost outlooks across upcoming compliance periods.