States Release Results of Fifth Auction Held since September 2008

2009 Vintage Allowances Sold at $2.19
2012 Vintage Allowances Sold at $1.87

(NEW YORK, NY) — The states participating in the nation’s first cap-and-trade system for greenhouse gases conducted their fifth regional auction of carbon dioxide (CO2) allowances Wednesday, September 9th. The auction marks one year since the debut of the Regional Greenhouse Gas Initiative (RGGI) auctions and brings the total amount of proceeds to more than $432.7 million since September of 2008.

Wednesday’s auction yielded a total of $66,278,239.35 from the sale of 28,408,945 allowances for the 2009 vintage and 2,172,540 allowances for the 2012 vintage. Read more

July 14, 2009 (New York, NY)– The ten Northeast and Mid-Atlantic states participating in the Regional Greenhouse Gas Initiative (RGGI) today released the Auction Notice and application materials for their fifth regional carbon dioxide (CO2) allowance auction, scheduled for September 9, 2009.

The materials released today provide potential auction participants the information needed to submit a qualification application and publicize key auction details, including the number of allowances offered for sale and the reserve price.  Read more

On Tuesday, June 23, 2009, representatives of the three U.S. and Canadian initiatives pursuing regional greenhouse gas reduction programs, including regional cap-and-trade programs, held their first joint meeting in Washington, DC.

Together, the Regional Greenhouse Gas Initiative, the Midwest Greenhouse Gas Reduction Accord, and the Western Climate Initiative involve 23 U.S. states and 4 Canadian provinces as members.  Additional U.S. states, Mexican states, and Canadian provinces participate as official observers to these initiatives. Read more

From Midwestern Greenhouse Gas Initiative website:

March 24, 2009 - The U.S. Secretary of Transportation today announced the availability of $100 million in federal funding under the American Recovery and Reinvestment Act, 2009 for the Transit Investments for Greenhouse Gas and Energy Reduction grant program.

Projects will compete for a portion of the funds on the basis of how much their proposed capital investment is expected to reduce either energy consumption or greenhouse gases, or both.  Read more

This week:

RGGI allowances set record in third auction; RGGI prices and market commentary; House climate bill expected by end of month; US should use CDM to reach EU-endorsed targets: minister; China shouldn’t be responsible for export emissions: official; VCS launches registries; Global carbon market news; Guest commentary by Peter Iwanowicz, chair of the RGGI auction committee   Read more

The third auction under North America’s first mandatory emissions cap and trade scheme has seen 31.5 million permits sold at a clearing price of $3.51 each. The Regional Greenhouse Gas Initiative (RGGI) sees Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island and Vermont combining to cap emissions from power stations over the next decade.   Read more

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