RGGI auction clears at 4.5-year low as prices keep falling

Published 15:17 on June 9, 2017  /  Last updated at 16:46 on June 9, 2017  /  Americas, US  /  No Comments

This week's quarterly RGGI auction cleared at $2.53/ton, the lowest level since late 2012, as prices in the north-eastern US carbon market continued to fall amid oversupply and uncertainty regarding the scheme's future.

This week’s quarterly RGGI auction cleared at $2.53/ton, the lowest level since late 2012, as prices in the north-eastern US carbon market continued to fall amid oversupply and uncertainty regarding the scheme’s future.

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