Emissions WatchTM Archive

Emissions Watch GraphicEmissions WatchTM is a quarterly publication containing ESAI Power’s outlooks and views on the emissions markets. ESAI provides regular updates and analysis on developments in the SO2, NOx and CO2 emissions markets as well as price forecasts for state and regional markets. In addition, regular updates are provided on the RGGI program as well as other state-specific emissions programs.

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Posts

Congestion Watch Blog

RGGI Auction 54 Update | Emissions Watch Blog

The most recent RGGI quarterly auction (Auction 54) was held on December 1, 2021. The clearing price was $13.00/ton, nearly 40 percent higher than the clearing price of $9.30/ton on September 8, 2021 (see Figure 1). For the first time since September 2015, the Cost Containment Reserve (CCR) was triggered which is a mechanism of the RGGI program that was implemented to provide additional allowances when auction prices exceed an established price ceiling.
Congestion Watch Blog

RGGI Update on CO2 Data, Pennsylvania, North Carolina & Massachusetts CO2 Auction | Emissions Watch Blog

In this Emissions Watch blog, we provide several updates pertaining to the RGGI program, including a review of the recently released Q2 2021 CO2 emissions data for states in the RGGI footprint. Compared to the same quarter last year, emissions were 17 percent higher. ESAI also provides an updated RGGI price forecast, which remains below current OTC prices in the longer-term. In Pennsylvania, the Environmental Quality Board (EQB) approved final regulations to join RGGI last month, but opposition to the state joining the program persists.
Congestion Watch Blog

Pennsylvania RGGI CO2 Limits, Illinois Energy Bill, and CSAPR Update | Emissions Watch Blog

In this Emissions Watch blog, we provide updates on the Regional Greenhouse Gas Initiative (RGGI), an energy bill introduced in Illinois, the Ozone Season Cross-State Air Pollution Rule (CSAPR), and modifications to the federal Social Cost of Carbon. RGGI Update: Relative to Q1 2020, Q1 2021 emissions in the Regional Greenhouse Gas Initiative (RGGI) footprint were 29 percent higher (excluding new members NJ and VA).
Congestion Watch Blog

Net Zero by 2050 Emissions Reduction Mandates in New England | Emissions Watch Blog

In today’s blog, we’re providing an excerpt from a recent preview to our next Emissions WatchTM that discusses two new Net Zero by 2050 emissions reduction mandates that were recently signed into law in New England. In Massachusetts, Governor Charlie Baker signed An Act Creating a Next Generation Roadmap for the Massachusetts Climate Policy. Rhode Island Governor Dan McKee signed a Landmark Act on Climate into law on April 10, 2021. Like the Massachusetts Act, it establishes specific emissions reduction mandates.
Congestion Watch Blog