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First US Carbon Auction - RGGI




Regional Greenhouse Gas Initiative LogoThe Regional Greenhouse Gas Initiative held the first US Carbon auction int he US on September 25th, 2008 with two more scheduled for December 17th, 2008.

RGGI is a non profit corporation incorporate in Delaware and based in NYC, NY.

"Ten states participate... Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont. ...are implementing the first mandatory cap-and-trade program in the United States to reduce greenhouse gas emissions."

"Regulated power plants will be able to use a CO2 allowance issued by any of the ten participating states to demonstrate compliance with an individual state program. In this manner, the ten individual state programs, in aggregate, will function as a single regional compliance market for CO2 emissions."

 

Via:  Regional Greenhouse Gas Initiative  Link

 

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Posted by Green Dude on September 26, 2008 05:08 AM | |





Category: Carbon Auction



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