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CO2 emissions prices increased in latest RGGI auction
来源：shippingazette 编辑：编辑部 发布：2022/01/27 09:52:55
THE most recent Regional Greenhouse Gas Initiative (RGGI) quarterly auction in December resulted in a clearing price of US$13 per allowance, surpassing the previous auction¡¯s record price of $9.30 per allowance, reports the American Journal of Transportation.
Each allowance represents a limited authorisation for power plants to emit one short ton of CO2.
The RGGI is a market-based effort in Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, Vermont, and Virginia to cap and reduce CO2 emissions from the electric power sector.
The latest RGGI auction sold 27 million CO2 allowances, an increase from 23 million allowances sold at the previous auction.
Individual CO2 budget trading programmes in each participating state implement the RGGI. The number of allowances for sale declines over time so that the power plants in RGGI states can reduce or eliminate the need to purchase emission allowances.
In the most recent auction¡ªthe 54th since the inaugural September 2008 auction¡ªthe clearing price reached the threshold that triggers more allowances to be available for sale to help provide market stability.
Each allowance represents a limited authorisation for power plants to emit one short ton of CO2.
The RGGI is a market-based effort in Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, Vermont, and Virginia to cap and reduce CO2 emissions from the electric power sector.
The latest RGGI auction sold 27 million CO2 allowances, an increase from 23 million allowances sold at the previous auction.
Individual CO2 budget trading programmes in each participating state implement the RGGI. The number of allowances for sale declines over time so that the power plants in RGGI states can reduce or eliminate the need to purchase emission allowances.
In the most recent auction¡ªthe 54th since the inaugural September 2008 auction¡ªthe clearing price reached the threshold that triggers more allowances to be available for sale to help provide market stability.