September 29, 2008

Rggi – Results from the First U.S. Cap-and-Trade GHG Permit Auction

Michael Giberson The results from the first RGGI auction have been announced, coming in louder than a whimper, but softer than a bang. As the WSJ Environmental Capital blog reports, “Demand was actually pretty strong.” About 50 million units were bid upon, while just 12.5 million were offered. The demand pushed the clearing price to …

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