There’s some bad news out this Monday for the fledgling Regional Greenhouse Gas Initiative (RGGI) carbon market — as well as companies hoping to see regional CO2 markets jumpstart corporate investment in carbon management. According to Bloomberg New Energy Finance, trading in RGGI “ground to a halt” in the third quarter of this year, as surpluses in carbon credits and lack of progress on a national carbon cap-and-trade program drove trading volume down 90 percent compared to the same quarter last year. That helped drive down global carbon trading down 9 percent in dollar terms for the third quarter, from $31 billion last year to $28 billion this year, despite an 8 percent uptick in volume in Europe.
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