At the latest auction, held March 13, over 37.8 million CO2 allowances were sold, at a clearing price of $2.80. The auction generated $105.9 million that will be reinvested in renewable energy, energy efficiency and climate-change-adaptation programs, among other initiatives.
All of the allowances offered for sale were sold. Bids for the CO2 allowances ranged from $1.98 to $5.03 per allowance. According to the independent market monitor’s report, electricity generators and their corporate affiliates have won 88% of CO2 allowances sold in RGGI auctions since 2008.