Market coverage

All North American primary markets covered.

Supply and demand models built through 2030. Forward price forecasts through 2040, updated quarterly. Scenario analysis covering the regulatory and legislative changes that actually move these markets.

Primary markets

Where we work directly

  • CCA
  • CCO
  • LCFS
  • RGGI
  • WCI
  • NYCI
  • REC
  • RNG
  • H₂
  • VCM
CodeMarketWhat it is
CCACalifornia Carbon AllowancesThe compliance instrument of California's cap-and-trade programme, linked with Quebec under WCI.
CCOCalifornia Carbon OffsetsOffset credits usable against a limited share of California compliance obligation.
LCFSLow Carbon Fuel StandardCalifornia's transport-fuel carbon-intensity credit market. We also follow the Oregon, Washington and BC programmes.
RGGIRegional Greenhouse Gas InitiativeThe power-sector CO₂ budget programme across the US Northeast and Mid-Atlantic.
WCIWashington Cap and InvestWashington State's economy-wide programme and its linkage path to California–Quebec.
NYCINew York Cap and InvestNew York's emerging economy-wide cap-and-invest programme.
RECRenewable Energy CreditsCompliance and voluntary REC markets, including state SREC carve-outs.
RNGRenewable Natural GasRNG and its interaction with LCFS, RIN and voluntary gas markets.
H₂Green HydrogenGreen hydrogen offtake and valuation, including under emerging incentive regimes.
VCMVoluntary Carbon MarketVoluntary carbon credits and the corporate demand that drives them.

Secondary markets

What we track alongside

We actively follow these markets because of how they interact with the primary markets we cover — so we can always speak to them authoritatively in any discussion.

  • Washington LCFS
  • BC LCFS
  • Oregon LCFS
  • Canada CFS
  • RINs / RFS
  • eRINs
  • EU ETS
  • Foreign REC markets
  • Voluntary REC markets
  • Bioplastics
  • North American power markets
  • North American natural gas markets

Power & gas

Hubs and control areas

  • CAISO
  • WECC
  • ERCOT
  • PJM
  • MISO
  • SPP
  • NEPOOL
  • Quebec
  • NP-15
  • SP-15
  • Mid-C
  • Palo Verde

Asset classes we model

Proprietary models developed over more than fifteen years, built for wind, solar, CCGT, battery storage, carbon CCS/DAC and green hydrogen.