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Pennsylvania set to join RGGI
04 October 2019The US state of Pennsylvania, one of the US’s largest coal and natural gas producers, has agreed to join the Regional Greenhouse Gas Initiative (RGGI).
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Proposed rule changes boost RGGI carbon price
11 September 2017Prices soared in last week's quarterly auction of emission allowances held by the Regional Greenhouse Gas Initiative (RGGI), the first to be held since the market proposed a set of rule changes.
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RGGI prices make further strong gains
07 December 2015Carbon allowances in the Regional Greenhouse Gas Initiative (RGGI) market soared to a new high of $7.50 in the latest quarterly auction, held on 2 December.
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RGGI proceeds fund $600m of energy efficiency projects
22 April 2015More than $600 million of proceeds from the US Regional Greenhouse Gas Initiative (RGGI) has been invested in energy efficiency projects, according to a summary report on the market. Energy bill savings of more than $2.3 billion are expected to flow from the projects, it added.
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RGGI carbon prices remain high in latest auction
08 September 2014A clearing price of $4.88 per short ton of carbon dioxide (CO2) was set in last week's auction of emission allowances by the Regional Greenhouse Gas Initiative (RGGI).
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RGGI carbon auction price hits record high amid EPA speculation
09 June 2014A new record clearing price of $5.02 for emission allowances in the Regional Greenhouse Gas Initiative (RGGI) was set in the market's 5 June auction.
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RGGI carbon price hits record high in latest auction
10 March 2014A record clearing price of $4.00 was set in the 5 March auction of emission allowances by the Regional Greenhouse Gas Initiative (RGGI) – the first under its new, tighter emissions cap.
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RGGI proceeds provide $700m for low-carbon energy projects
25 February 2014The nine US states participating in the Regional Greenhouse Gas Initiative (RGGI) have invested more than $700 million of proceeds from the programme to curb energy use and reduce carbon emissions.
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RGGI calls on EPA to encourage emissions trading
03 December 2013US states participating in the Regional Greenhouse Gas Initiative (RGGI) have suggested that the Environmental Protection Agency (EPA) should include similar market-based approaches in its guidance to help other states curb their emissions.
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People moves
04 November 2013The latest people moves in the environmental markets, covering companies including the World Bank, Aberdeen Asset Management, Principles for Responsible Investment, Sindicatum, E.On, PwC and more