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Companies Spend More Than $1bn in Carbon Auction

High-emitting companies spent more than $1 billion on carbon allowances in California and Quebec’s most recent carbon auction, the second since the two jurisdictions linked their cap-and-trade programs. The California Air Resources Board said participants in the Feb. 18 auction paid $12.21 per credit to emit CO2 this year and … Read more »

RGGI Carbon Auction Raises More Than $94M

The nine Northeastern and Mid-Atlantic states participating in the Regional Greenhouse Gas Initiative generated more than $94 million at their most recent carbon auction. RGGI’s 26th auction sold out of more than 18.2 million CO2 allowances at a clearing price of $5.21 per ton. The price is higher RGGI’s previous … Read more »

California, Quebec Carbon Auction Raises $407M

All 33.8 million carbon allowance sold out at California and Quebec’s first joint carbon auction, held Nov. 25, which raised about $407 million. The cap-and-trade auction sold all 23.1 million allowances to release carbon emissions this year, with companies paying 12.10 a ton for the 2014 carbon credits. California and … Read more »

Quebec, California Look to Expand Carbon Market

In an effort to expand the carbon market they established last year, leaders in Quebec and California are actively looking to recruit other parts of Canada and the US to join, according to Bloomberg. Quebec is discussing a regional market with the governors of New England states and leaders in … Read more »

industrial plant emissions

RGGI Carbon Auction Brings In $87.8 Million

Almost 18 million carbon allowances sold for $4.88 at the Regional Greenhouse Gas Initiative’s carbon auction on Sept. 3. The clearing price is slightly lower than that of the previous carbon auction, at which allowances sold for $5.02. The most recent allowances sold represent 100 percent of the allowances offered … Read more »

California capitol

Carbon Auction Raises $331.8M

California raised $331.8 million at its latest carbon auction, held Aug. 18. The state’s eighth cap-and-trade auction sold all 22.5 million allowances to release carbon emissions this year, with companies paying $11.50 a ton for the 2014 carbon credits. The state also sold an additional 6.5 million permits that can’t … Read more »

RGGI Auction Sells Out of CO2 Allowances

The more than 18 million carbon allowances offered sold out at the Regional Greenhouse Gas Initiative’s (RGGI) most recent auction at a clearing price of $5.02. The auction generated $90.67 million for reinvestment by the nine Northeastern and Mid-Atlantic participating RGGI states in a variety of consumer benefit initiatives, including … Read more »

Calif., Québec Conduct Practice Carbon Auction

California and Québec in early August will conduct a practice carbon auction for their linked cap-and-trade programs, according to the California Air Resources Board and the ministère du Développement durable, de l’Environnement et de la Lutte contre les changements climatiques (Ministry of Sustainable Development, Environment and the Fight against Climate … Read more »

carb-logo

California Carbon Auction Sells All Allowances

California companies bought all 16.95 million allowances to release carbon emissions at the state’s most recent cap-and-trade auction, according to data posted on the state Air Resources Board’s website. The state’s seventh auction on May 16 sold carbon allowances for $11.50 each. An additional 4 million permits that can’t be used until … Read more »

Carbon Market Monitor Releases Report

No evidence of anti-competitive conduct has been found in the market for Regional Greenhouse Gas Initiative (RGGI) CO2 allowances, according to the independent market monitor’s 2013 report. Annual Report on the Market for RGGI CO2 Allowances, by Potomac Economics, evaluates activity in the market for RGGI CO2 allowances in 2013, … Read more »

California Carbon Prices ‘Will Remain Low’

California carbon prices will remain low through 2020 due to excess permits, which will limit the revenue the state will raise through its carbon auctions, Reuters reports. California carbon market partner Quebec saw 12 percent lower than anticipated carbon prices, according to analysts at Thomson Reuters Point Carbon. This means … Read more »

RGGI States Drop Carbon Emissions Cap 45%

The nine northeastern states participating in the Regional Greenhouse Gas Initiative (RGGI) have set the 2014 RGGI cap at 91 million tons — a 45 percent reduction from last year’s CO2 cap. Additionally, the RGGI cap will decline 2.5 percent each year from 2015 to 2020. By 2020, power plant … Read more »