RGGI emissions fall nearly 4% y/y in 2015 as allowance prices soften

…The fall in emissions is not a surprise, according to Jordan Stutt of think tank Acadia Center. “We had a pretty mild start to the winter in the last three months of the year… the year-end total shows a decline in line with the trend that we’ve seen since RGGI began,” he said. The drop in emissions, combined with the release of 10 million RGGI allowances from the scheme’s Cost Containment Reserve (CCR) last year, has added to the oversupply of allowances in the market, Stutt noted…