A rare bright spot for environmentalists in last week’s U.S. election results came in Washington State, where voters easily defeated an attempt to end the state’s carbon market by a margin of 62% to 38%. Analysts said the result was in line with widespread interest in the structures that allow investors to put a price on emissions. …These carbon ‘cap-and-trade’ programs are capitalist, free-market solutions that allow companies to hedge and monetize their energy transition,” said Luke Oliver, of the KraneShares Global Carbon Strategy ETF. Oliver’s $275 million fund tracks an index covering major cap-and-trade programs including one run by the European Union and the California Carbon Allowances system. …The cost of European Union carbon emissions permits stood around 67 euros on Tuesday. The price seemed little affected by U.S. election results or in the following days as President-elect Donald Trump began filling out his administration.