RGGI Carbon Tax Soars from $9.30/Ton of CO2 to $13/Ton!

The so-called Regional Greenhouse Gas Initiative (RGGI), a tax on carbon dioxide emissions from coal and natural gas-fired power plants aimed at killing off those two sources of energy, is more expensive than ever. Pennsylvania Gov. Tom Wolf has proposed forcing PA to join the RGGI cabal of 11 states (most of them in the northeast), a move now endorsed by PA Attorney General Josh Shapiro (see today's companion story, PA AG Shapiro Signs Off on RGGI Carbon Tax...After Criticizing It). In the most recent RGGI "auction" of so-called allowances, bidders paid an average of $13 per allowance--per short ton of CO2 emitted.

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