Margolis on social media:

https://www.linkedin.com/posts/activity-7039296558231670784-Jb_7?utm_source=share&utm_medium=member_ios

Washington state’s first auction of greenhouse-gas allowances raised ~$300 million.

The auction was fully subscribed (in fact, bids exceeded supply by 2.67:1) with all 6,185,222 allowances selling at $48.50 per tonne, >2X the floor price of $22.20 and higher than prices in California and Quebec’s February auction, which closed at $27.85 per tonne.

If this price remains consistent over the next nine auctions, the sales could generate ~$1.08 billion more than the state’s estimate for the 2023 to 2025 biennium.

https://lnkd.in/gDNq_5sb
https://lnkd.in/gV9cTHWw
https://lnkd.in/gaxsfww7

Washington state sells carbon allowances at much higher prices vs other US co2 markets…netting $300 million.

https://www.seattletimes.com/seattle-news/environment/was-first-greenhouse-gas-allowance-auction-raises-estimated-300-million/

Washington state sells carbon allowances at much higher prices vs other US co2 markets#washets #caliets #octt #oott https://t.co/cQuCYA3NyU

— Mathew Carr (@carrzee) March 8, 2023