Green in the red--RGGI Carbon trading price drops one third from June 2009
- "More than 40.6 million carbon allowances sold at a price of $2.07 on Wednesday, March 10. That's up from 28.6 million allowances sold at the previous auction in December, when the average selling price was $2.05 per allowance.
- 3/15/10, SustainableBusiness.com has a deceptively cheery title, "Carbon Trading up 42% in latest RGGI auction" ****
- persist through the program's lifetime.
Prices slid again in the Regional Greenhouse Gas Initiative's (RGGI) sixth auction for 2009 emissions allowances to $2.05 per short ton of carbon dioxide equivalent, the Northeast pact announced here today. The previous auction netted $2.19 per ton in September....
- "There's way too much supply, and there is no demand," said Tim Cheung, an analyst with New Energy Finance.
"You're going to have these excess allowances that will continue to carry over to future years, which is why we think that prices will remain depressed going forward.""...
- EENews.net, 12/4/09, "RGGI Allowance prices continue slide in sixth auction"