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  /  Americas, US  /  No Comments

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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