rggi

2011 turned out to be a busy year for the development of carbon pricing. Long the cornerstone of EU climate policy, the approach continues to find favour with governments focused on the issue of managing emissions, rather than those trying to manage the shape of the entire energy mix.[read more]

RGGI (pronounced “Reggie”), the Regional Greenhouse Gas Initiative, has capped carbon dioxide emissions in ten northeastern U.S. states. Well, it isn’t much of a cap, given how loose it really is. Still, the latest analysis that tries to follow the money points to $1.6 billion in economic benefits for the economies in these ten states....[read more]

This guest post comes from the eloquent and thoughtful Patriot Daily News Clearinghouse. After DC failed to enact comprehensive climate change legislation, it was good to see states take the lead on regional cap-and-trade programs. We now have 3 regional initiatives to address greenhouse gas emissions (GHG) involving more than 30...[read more]

The Regional Greenhouse Gas Initiative, the United States' first market-based regulatory mechanism to reduce carbon emissions, has completed its 12th quarterly carbon credit auction. The auction [pdf] saw 12,537,000, or 30%, of the 42,034,184 available carbon allowances sold.  25 entities submitted successful bids to acquire...[read more]

In a two-to-one vote the New Hampshire Senate approved a bill designed to maintain the state's involvement in the Regional Greenhouse Gas Initiative (RGGI). After the state's House of Representatives approved legislation in March that would remove New Hampshire from the ten state cap-and-trade program, the Senate chose to amend New...[read more]

World Energy Solutions, an energy management services firm, has renewed its contract with Regional Greenhouse Gas Initiative (RGGI), a non-profit corporation created to provide technical and administrative services to the states participating in the RGGI, to supply auction software and services for the ten state RGGI programs through...[read more]

From Weathervane: Regional Greenhouse Gas Initiative auction prices hit their lowest mark since the program began selling polluting rights last year. The auction to disperse CO2 emissions permits in ten northeastern states sold allowances for the 2009 vintage at a price of $2.19/each—down 32 percent from June—and allowances for the 2012...[read more]

The New York State Senate and Assembly, too often a model of corruption and dysfunctionality, rose above petty politics last week to pass forward-thinking legislation on climate and energy, setting a precedent for bipartisanship and a sensible cap and trade system. The State Senate passed the groundbreaking Green Job/Green New York Act...[read more]

From Environmental Capital (RGGI Bar):The biggest U.S. experiment so far in capping greenhouse-gas emissions and trading those pollution permits has run into a problem: There are more permits than needed, sending their prices plunging. The Regional Greenhouse Gas Initiative, a group of ten northeastern states, is holding its fifth...[read more]