RGGI Auction Volume Up 42%
Trading of carbon permits under the Regional Greenhouse Gas Initiative rose 42 percent in the most recent trading session.
This, the seventh such auction, brought a price of $2.07 for permits and $1.86 for futures. That compares to $2.05 for permits and $1.86 for futures in December, which was about 6 percent lower than the September auction, which netted $2.19 per ton.
In the June 2009 auction, the average price was $3.23 per allowance.
Each permit represents a metric ton of emissions.
To date, the auction has generated $582.38 million in proceeds. Ten states – Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont – participate in the auction.
The slight gain in prices brought relief to carbon traders, reports Reuters.
In other emissions trading news, carbon exchange operator the Climate Exchange has showed its first pretax profit, reports Reuters.
Climate Exchange made $3.3 million in 2009, whereas in 2008 it posted a loss of more than $3 million.
Energy Manager News
- Dissecting the Data Revolution
- Energy Star Recognizes 16 GM Facilities
- CCI Group Awarded Contract for Anniston Army Depot
- Under Hawaiian Electric’s New TOU Pilot Plan, Time Is Money
- SCE&G Retail Rate Adjustment Will Be Close to Break-Even for Customers
- LEED v4 is Ready to Take Center Stage
- Honeywell Upgrading Energy, Water Systems at The University of Mount Olive
- Three Boston Area Organizations Jointly Buying Solar Energy