INSIGHTSSERIES
Environmental Markets | Carbon Markets
August 14, 2023
Carbon Pricing – August 2023 Update
Despite the growing interest in carbon-trading as an efficient market-based means to achieve significant carbon reductions, concerns over ratepayer impacts persist.
U.S. carbon markets demonstrated robust participation in recent auctions including Washington’s two consecutive auctions that sold out of carbon permits and raised over $850 million under…Read the full report
Key Takeaways
- Virginia’s Air Pollution Control Board has published a final regulation in the Virginia register to remove the state from RGGI at the end of 2023.
- North Carolina lawmakers have approved legislation that would prohibit cap and trade requirements for carbon dioxide emissions.
- Washington has raised over $857 million from two auctions held so far, and the second auction’s clearing price exceeded the Allowance Price Containment Reserve threshold, triggering a separate auction of allowances from a reserve intended to contain carbon prices.
