From: Law and the Environment
At the fourth auction of CO2 allowances under the Regional
Greenhouse Gas Initiative RGGI on June 17, participation was
certified as robust by market monitor Potomac Economics, but
auction prices decreased.ampnbspLast weekamprsquos clearing price
for 2009 vintage CO2 allowances was 3.23 per allowance, only
slightly above the clearing price of 3.07 at RGGIs initial auction
in September 2008, and below Marchamprsquos clearing price of 3.51.
ampnbspThe 2.1 million 2012 vintage allowances offered for sale in
last weekamprsquos action sold for 2.06, almost one-third below the
3.05 price that they earned at the March auction, which was the
first at which these later vintage allowances were offered for
sale.ampnbspampnbsp RGGI, Inc. hasampnbspreleased the range of bid
prices from the fourth aucti...
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