in News Departments > FYI
print the content item

The Regional Greenhouse Gas Initiative (RGGI) says its carbon dioxide (CO2) auction process has gone live, allowing bid preparation to begin.

The auction notice opens the process that potential bidders must follow to qualify for and participate in the first-in-the-nation CO2 allowance auction, which will be held Sept. 25. The auction will generate investment in energy efficiency and renewable energy in RGGI states and fund programs to help create green jobs and support consumers.

"The auctions will spur innovation in the energy sector, and we anticipate strong interest from bidders," says Jonathan Schrag, RGGI's executive director. "The qualification process is extremely important, so I urge potential bidders to take advantage of the information and technical assistance being made available online."

The 10 northeast and mid-Atlantic states pioneering the auction will offer up to 12.5 million CO2 allowances. The states have committed to cap and then reduce the amount of CO2 that power plants in their region are allowed to emit, limiting the region's total contribution to atmospheric greenhouse gas levels.

Under the RGGI process, after the participating states have stabilized power-sector carbon emissions at their capped level by 2014, the cap will be reduced each year from 2015 through 2018.

SOURCE: Regional Greenhouse Gas Initiative


Advertisement

Trachte_id2056
Latest Top Stories

Deepwater Hits Financial Close For Block Island Wind Farm, Expects Summer Construction

The Providence, R.I.-based offshore wind developer becomes the first to financially close on a U.S.-based offshore wind project.


More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.

Hybrid Energy Innovations 2015