States: RGGI announces high GHG allowance price at latest auction

The Regional Greenhouse Gas Initiative (RGGI) cap-and-trade program to reduce greenhouse gases in Northeastern and Mid-Atlantic states is reporting a relatively high carbon dioxide allowance price at its latest auction, of $7.41 per allowance, raising $120.3 million for reinvestment by the 10 participating states in GHG reduction measures. “RGGI’s 50th quarterly auction marks a major milestone and rounds out another year of successful auctions, generating more than $120 million in proceeds for states to reinvest in clean energy, energy efficiency,...