RGGI allowances reach $3.38 clearing price

The 10 states participating in the scheme published the results of the second auction today, showing all of the 31,505,898 allowances offered were bought at a clearing price of $3.38 per allowance. A total of 69 participants from the energy, financial and environmental sectors took part and demand was 3.5 times available supply.

The proceeds of $106.5m will be distributed to the member states (Connecticut, Delaware, Maine Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island