Lower CO2 Emissions Cap May Mean Higher Allowance Prices for Fossil-Fueled Plants in Northeast, Mid-Atlantic States, an Industrial Info News Alert
SUGAR LAND, Texas, Oct. 19, 2017 /PRNewswire/ -- Researched by Industrial Info Resources (Sugar Land, Texas)--Fossil-fueled power plants in a nine-state U.S. region may be paying more for carbon dioxide (CO2) allowances, following adoption of a proposal from the Regional Greenhouse Gas Initiative Incorporated (RGGI) (New York, New York) that would reduce by 30% the emissions available for auction between 2020 and 2030.
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From a market valuation of US$ 15.3 billion in 2024, the global fuel storage tank market size will reach US$ 24.2 billion by 2034. The market growth is anticipated at a sluggish to moderate pace, equalling a CAGR of 4.7%.
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