Approximately 16 million carbon dioxide (CO₂) allowances were sold in the 65th Regional Greenhouse Gas Initiative (RGGI) auction, held on Septemer 4, 2024. One allowance is equal to one metric ton of CO₂. The clearing price for RGGI CO₂ allowances in that auction was 25.75 U.S. dollars, a record high.
The RGGI is a cooperative, market-based program among the states of Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont, that sets a cap to reduce power sector emissions. RGGI states distribute CO₂ allowances at quarterly auctions, where they can be purchased by power plants and other entities.
Volume of Regional Greenhouse Gas Initiative (RGGI) carbon dioxide allowances sold from 2012 to 2024
(in millions)
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RGGI. (September 22, 2024). Volume of Regional Greenhouse Gas Initiative (RGGI) carbon dioxide allowances sold from 2012 to 2024 (in millions) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1487697/carbon-allowance-sales-for-rggi/
RGGI. "Volume of Regional Greenhouse Gas Initiative (RGGI) carbon dioxide allowances sold from 2012 to 2024 (in millions)." Chart. September 22, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1487697/carbon-allowance-sales-for-rggi/
RGGI. (2024). Volume of Regional Greenhouse Gas Initiative (RGGI) carbon dioxide allowances sold from 2012 to 2024 (in millions). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1487697/carbon-allowance-sales-for-rggi/
RGGI. "Volume of Regional Greenhouse Gas Initiative (Rggi) Carbon Dioxide Allowances Sold from 2012 to 2024 (in Millions)." Statista, Statista Inc., 22 Sep 2024, https://www.statista.com/statistics/1487697/carbon-allowance-sales-for-rggi/
RGGI, Volume of Regional Greenhouse Gas Initiative (RGGI) carbon dioxide allowances sold from 2012 to 2024 (in millions) Statista, https://www.statista.com/statistics/1487697/carbon-allowance-sales-for-rggi/ (last visited November 23, 2024)
Volume of Regional Greenhouse Gas Initiative (RGGI) carbon dioxide allowances sold from 2012 to 2024 (in millions) [Graph], RGGI, September 22, 2024. [Online]. Available: https://www.statista.com/statistics/1487697/carbon-allowance-sales-for-rggi/
