The Regional Greenhouse Gas Initiative (“RGGI”) announced the results of the 60th auction for carbon dioxide allowances on June 9, 2023. The auction included the sale of more than 22 million allowances at a clearing price of $12.73 per allowance. The clearing price represented an increase of 1.8% compared to the 59th auction held in March 2023. However, the 60th auction represented a 1.1% decline in allowances sold and a 8.4% decrease in price compared to the June 2022 auction.
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