Evolution Markets' carbon and emissions markets brokerage teams provide an overview of market activity in the Regional Greenhouse Gas Initiative (RGGI). The report, which includes allowance prices and market analysis, can be found HERE.
RGGI sends the Updated Model Rule to participating states for implementation, and new governors are seated in New Jersey and Virginia, likely leading to their (re)entry into the RGGI program, writes Evolution Markets' Paul Tesoriero. Prices remained flat on the news, but the future outlook calls for more volatility.
For more information on RGGI or to transact in the market, please contact the Emissions Markets Desk at: +1 914.323.0255.