NEW ENGLAND CARBON MARKET AT FIVE YEARS

21st Auction Marks Five Years of Success for RGGI; CO2 Allowances Sold at $2.67

September 6, 2013 (Regional Greenhouse Gas Initiative)

"The nine Northeastern and Mid-Atlantic states participating in the Regional Greenhouse Gas Initiative (RGGI), the nation’s first market-based regulatory program to reduce greenhouse gas pollution, …[sold 38,409,043 CO2 allowances at a clearing price of $2.67 in its 21st auction, marking its fifth year of trading]. Allowances sold represent 100 percent of the allowances offered for sale by the nine states. Bids for the CO2 allowances ranged from $1.98 to $12.85 per allowance…The auction generated $102.5 million for reinvestment by the RGGI states in a variety of consumer benefit initiatives, including energy efficiency, renewable energy, direct bill assistance, and greenhouse gas abatement programs. Cumulative proceeds from all RGGI CO2 allowance auctions currently total $1.4 billion dollars…” click here for more

click to enlarge

Tweet