Allowance prices in the Regional Greenhouse Gas Initiative (RGGI), which are currently at all-time highs, are set to increase further as the regional emission trading system’s caps tighten significantly from 2027. Veyt’s price forecast shows that the high-emitting state of Virginia rejoining RGGI causes its carbon prices to rise even more steeply, as the state’s expected electricity demand growth in the coming years is among the highest in the US. Virginia’s re-entrance into RGGI will increase the program’s allowance prices by an average of 37% annually through 2040.
Stay ahead in renewable energy and carbon markets.
Sign up to receive expert analysis, market insights, and key policy updates—straight to your inbox, for free.
Veyt specialises in data, analysis, and insights for all significant low-carbon markets and renewable energy.
