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Mr. September? RGGI Holds First CO2 Auction, Clearing Price of $3.07
Posted on October 01, 2008
Reggie Jackson may have been Mr. October, but there's a new RGGI in town.The states participating in the Regional Greenhouse Gas Initiative (RGGI) recently announced that the auctioning of carbon dioxide (CO2) emissions allowances in North America is off to a strong start. All of the 12.5M allowances offered for sale on September 25, 2008 were sold at a clearing price of USD$3.07 per allowance, which is about 65 percent more than the minimum set price of $1.86. $2 per ton had been a reasonable estimate of what a RGGI CO2 allowance is really worth in 2009, according to energy consultants at W...
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