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


Trachte Inc._id1770
Latest Top Stories

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015