From Weathervane:
Regional Greenhouse Gas Initiative auction prices hit their lowest mark since the program began selling polluting rights last year.
The auction to disperse CO2 emissions permits in ten northeastern states sold allowances for the 2009 vintage at a price of $2.19/each—down 32 percent from June—and allowances for the 2012 vintage at a price of $1.87/each—down 9 percent from June. ...
Lawmakers plodding through a discussion of a national plan to cap CO2 emissions would be wise to learn a thing or two from RGGI. Namely, finding the right balance of permits and pricing is crucial to realizing environmental benefits with the least amount of economic woe. A “price collar,” like the one included in the bill passed by the House in June, may be one way to strike that right balance ...
The price determination post can be found at Environmental Capital.