If you've no account register here first time
User Name :
User Email :
Password :

Login Now

RGGI Cap And Trade To Go Online Sept. 10

rggi6.jpgThe Regional Greenhouse Gas Initiative (RGGI) expects to go online September 10, News.com reports. The blind online auction will allow power generators to compete for the cheapest price for pollution allowances.

RGGI, in which power generators in 10 states in the Northeastern U.S. must participate, is a cap-and-trade system for carbon where power generators can purchase allowances to emit a certain amount of carbon dioxide.

The market-based mechanism, which draws from a successful U.S.-devised system to cut down on power plant emissions that cause acid rain, is meant to be a more efficient and flexible alternative to government-set limits and more politically palatable than a straight carbon tax.

World Energy, which will write the software that utilities will need to use, already has a business operating energy markets where electricity purchasers in deregulated markets buy contracts from suppliers.

The first ever U.S. regional carbon compliance trades earlier this year were in the range of $5 – $10 per ton -much higher than the official price estimate of $2.32 per ton.

Operationalizing EHS Management: Bridge the Gap from Strategy to Execution
Sponsored By: LNS Research

Financing Environmental Resiliency and a Low-Carbon Future with Green Bonds
Sponsored By: NSF International

Top 10 Steps for a Successful EMIS Project
Sponsored By: Sphera Solutions

Practical Guide to Transforming Energy Data into Better Buildings
Sponsored By: Lucid


Leave a Comment