US RGGI auction likely to clear at price floor: analyst
Washington (Platts)
A quarterly auction of Regional Greenhouse Gas Initiative carbon dioxide allowances scheduled for Wednesday will likely sell at the reserve price of $1.89/st, an analyst with Environment Northeast said Monday.
Wednesday marks the 14th time that the 10 US states comprising RGGI will auction CO2 allowances. Under the regional cap-and-trade program, owners of power plants located in states stretching from Maine to…