07.11.2014 - How to manage carbon prices — Lessons from the Northeast
Recently, the U.S. Energy Information Administration posted a revealing graph that could be interpreted as suggesting that efforts to prevent high carbon prices in the Regional Greenhouse Gas Initiative (RGGI) emissions trading market have failed. RGGI is a consortium of northeastern U.S. states that have agreed to limit the greenhouse gas emissions of carbon dioxide from electric power generation through a regional emissions trading (i.e., cap-and-trade) program. To hold down price escalation, RGGI uses a pioneering Cost Containment Reserve (CCR), which added extra allowances to the program when the price per ton reached $4 this year...............................................Full Article: Source
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