RGGI Auction Settles at $3.07
The Regional Greenhouse Gas Initiative (RGGI) in a press release today labeled the first U.S. CO2 allowance auction on Thursday, September 25 a success, with all 12.6 million allowances selling at $3.07 per allowance.
World Energy Solutions (TSX:XWE) administered the auction, which generated more than $38 million to benefit energy efficiency, renewable energy and programs for energy consumers in Connecticut, Maine, Maryland, Massachusetts, Maryland and Vermont. The next RGGI auction is scheduled for Wednesday, December 17.
RGGI’s success serves as a blueprint for other initiatives, such as the Western Climate Initiative (WCI), and sets a precedent here in the U.S. for the reduction of CO2 at the state level.
For further information about this topic, please contact Akin Gump.
Recent Comments