Americas > RGGI states to cut 19 mln allowances from annual CO2 budgets in surplus bank adjustment

RGGI states to cut 19 mln allowances from annual CO2 budgets in surplus bank adjustment

Published 17:14 on March 15, 2021  /  Last updated at 17:14 on March 15, 2021  / Dan McGraw /  Americas, US

RGGI will cut nearly 16% of this year's CO2 budget under the power sector cap-and-trade scheme as it accounts for the pre-2021 allowances surplus, with the adjustment leading to slightly smaller upcoming auctions, data released Monday showed.
RGGI will cut nearly 16% of this year's CO2 budget under the power sector cap-and-trade scheme as it accounts for the pre-2021 allowances surplus, with the adjustment leading to slightly smaller upcoming auctions, data released Monday showed.


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