RGGI Carbon Auction Clears at Record High, Generates $1 Billion
The Regional Greenhouse Gas Initiative on Sep. 11 announced that its latest carbon allowance auction generated $1 billion, highlighting continued strength in the Northeast’s cap-and-trade market as Virginia resumed participation after rejoining the program in July. The program’s 73rd carbon allowance auction cleared at $37.65 per allowance, with nearly 29 million allowances sold, including additional…


