The Regional Greenhouse Gas Initiative (RGGI) announced today the results of the 48th quarterly auction of CO2 allowances.
All of the allowances on offer were sold at the auction held on June 03, 2020. The clearing price of $5.75 was $0.10 higher than the last auction in March.
The June auction offered 16 million allowances from participating RGGI states. Compliance-oriented entities purchased just 31% of the allowances on offer, one of the lowest tallies ever. More details on the auction are in the table below:
|Allowances on Offer||16,336,298|
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.