Third California Cap And Trade Auction Sells Out, At Record Price

May 25, 2013 by Silvio Marcacci

California cap and trade

California's third carbon allowance auction was held last week, and businesses snapped up all available 2013 permits, setting a record price level in the process.[read more]

2 Steps Forward, 1 Step Back on Carbon Pricing

January 17, 2012 by David Hone

2011 turned out to be a busy year for the development of carbon pricing. Long the cornerstone of EU climate policy, the approach continues to find favour with governments focused on the issue of managing emissions, rather than those trying to manage the shape of the entire energy mix.[read more]

Imagine What A Real Cap Could Do

December 15, 2011 by Gernot Wagner

RGGI (pronounced “Reggie”), the Regional Greenhouse Gas Initiative, has capped carbon dioxide emissions in ten northeastern U.S. states. Well, it isn’t much of a cap, given how loose it really is. Still, the latest analysis that tries to follow the money points to $1.6 billion in economic benefits for the economies in these ten states....[read more]

Koch Brothers Fund Assault on Climate Legislation, Seek To Destroy RGGI

June 28, 2011 by A Siegel

This guest post comes from the eloquent and thoughtful Patriot Daily News Clearinghouse. After DC failed to enact comprehensive climate change legislation, it was good to see states take the lead on regional cap-and-trade programs. We now have 3 regional initiatives to address greenhouse gas emissions (GHG) involving more than 30...[read more]

Latest Regional Greenhouse Gas Initiative Auction Nets $25.5 Million

June 14, 2011 by Nathanael Baker

The Regional Greenhouse Gas Initiative, the United States' first market-based regulatory mechanism to reduce carbon emissions, has completed its 12th quarterly carbon credit auction. The auction [pdf] saw 12,537,000, or 30%, of the 42,034,184 available carbon allowances sold.  25 entities submitted successful bids to acquire...[read more]

New Hampshire Senate Votes to Stay in RGGI

May 12, 2011 by Nathanael Baker

In a two-to-one vote the New Hampshire Senate approved a bill designed to maintain the state's involvement in the Regional Greenhouse Gas Initiative (RGGI). After the state's House of Representatives approved legislation in March that would remove New Hampshire from the ten state cap-and-trade program, the Senate chose to amend New...[read more]

High supply, low income and cheap substitutes lead to low prices

October 7, 2009 by John Whitehead

From Weathervane: Regional Greenhouse Gas Initiative auction prices hit their lowest mark since the program began selling polluting rights last year. The auction to disperse CO2 emissions permits in ten northeastern states sold allowances for the 2009 vintage at a price of $2.19/each—down 32 percent from June—and allowances for the 2012...[read more]

Um, don't hate the player, hate the game?

September 9, 2009 by John Whitehead

From Environmental Capital (RGGI Bar):The biggest U.S. experiment so far in capping greenhouse-gas emissions and trading those pollution permits has run into a problem: There are more permits than needed, sending their prices plunging. The Regional Greenhouse Gas Initiative, a group of ten northeastern states, is holding its fifth...[read more]