Washington’s second cap-and-trade auction netted more than $557 million in revenue after bidders bought all 11.035 million carbon allowances on offer last week.

New York agencies kicked off the first in a series of webinars dedicated to explaining and seeking comment on the state’s proposed cap-and-invest program.

Washington is aiming to auction off enough cap-and-trade credits to cover more than 11 million metric tons of carbon emissions.

The N.Y. State Reliability Council Executive Committee indicated its Installed Capacity Subcommittee may increase the amount of 10-minute reserve assumptions.

Two state senators introduced a bill to provide farmers and haulers of agricultural products relief from costs arising from the state's cap-and-trade program.

Washington’s Department of Ecology confirmed that it raised almost $300 million from the state’s first quarterly cap-and-trade auction held in February.

Washington carbon allowance prices will increase sharply as the state’s cap-and-trade program becomes better established, carbon market analysts said.

Washington’s first cap-and-trade auction earned the state nearly $300 million in revenue and unloaded all allowances on offer.

CEO Rich Dewey said NYISO is focused on transitioning the state’s grid from high-polluting resources to renewables without compromising reliability.

New York Gov. Kathy Hochul released a legislative framework for the cap-and-invest program she is proposing to help the state meet its GHG-reduction goals.