The Regional Greenhouse Gas Initiative (RGGI) announced today the results of the 42nd quarterly auction of CO2 allowances.
All of the allowances on offer were sold at the auction held on December 05, 2018. The clearing price of $5.35 was the highest level since the December 2015 auction -- and nearly $1.00 more than the previous auction in September.
The December auction offered nearly 13.4 million allowances from participating RGGI states. Compliance-oriented entities purchased 69% of the allowances on offer, slightly higher than the level in the previous auction held in September. More details on the auction are in the table below:
| Allowances on Offer | 13,360,649 |
| Allowances Sold | 13,360,649 |
| Bid/Supply Ratio | 2.8 |
| Bidders | 48 |
| Percent Compliance-Oriented | 69% |
| Clearing Price | $5.35 |
For more information on RGGI allowance markets or to transact in the market, contact our U.S. Carbon and Emissions Markets desks at: +1 914.323.0255.