European Union carbon allowances prices fluctuated during the last three weeks due to rising energy prices and political instability. U.S. carbon credits markets, on the other hand, have not yet been affected by the turbulence.
On March 9, the Regional Greenhouse Gas Initiative held the quarterly auction of allowances, resulting in a record-high clearing price of $13.50 per tonne of carbon dioxide. According to the RGGI, the auction brought in roughly US$294 million for the 11 states that participated in the Mid-Atlantic and Northeastern cap-and-trade market.
