The New York State Department of Environmental Conservation and the New York State Energy Research and Development Authority on Dec. 10 released draft regulations to update the Regional Greenhouse Gas Initiative, or RGGI, aiming to secure deeper and more affordable cuts in power sector emissions. The proposal follows a multi-state review designed to ensure that…...
The Washington Department of Ecology on Dec. 10 completed the fourth quarterly sale of allowances for the state’s Cap-and-Invest program, producing strong demand that is projected to raise $394 million for community investments and climate resilience initiatives. The result marks the twelfth consecutive sold out auction and reinforces the program’s trajectory as Washington prepares for…...
Developments in U.S. carbon markets reflect new progress as states reinforce their commitment to emissions trading programs despite receding federal climate action. Amid rising auction prices, states and regions are extending their programs beyond the…Read the full report …...
The Washington Department of Ecology on Sept. 10 reported that all available emissions allowances were sold in the state’s 11th quarterly carbon auction, underscoring market confidence. The auction raised an estimated $446 million, which includes $295 million for the state and $151 million to benefit utility ratepayers. This brings the total state proceeds close to…...
The 44th quarterly carbon auction held by California and Quebec sold all of the nearly 51.9 million carbon permits offered under the current auction at a price of $28.76 per allowance, above the floor price of $25.87, according to the results released on Aug. 27 by the California Air Resources Board. The current auction’s clearing…...