New Jersey Governor Chris Christie is re-evaluating the state’s participation in a regional carbon trading program and could opt to withdraw within a few weeks.
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Carbon dioxide allowances likely to clear auction at price floor
The Regional Greenhouse Gas Initiative will auction carbon dioxide allowances Wednesday that power plants in 10 US northeast and Mid-Atlantic states can use to comply with the region’s greenhouse gas cap-and-trade program in 2011 and 2014.
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Global carbon market value edged up in 2010
(Reuters) – The value of the global market in carbon emissions permits edged up 1 percent in 2010 to 92 billion euros ($120.9 billion), said Point Carbon, a Thomson Reuters company, on Thursday.
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Carbon Auction Yields $28.9 Million
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The New York State Department of Environmental Conservations (DEC) participation in another quarterly auction of carbon dioxide pollution allowances has yielded approximately $29.8 million for New York State. This eighth auction conducted by the 10 states participating in the Regional Greenhouse Gas Initiative (RGGI) generated a total of $80.5 million to invest in the clean energy economy.
Northeast states to auction 42.8M in carbon permits
The states participating in the Regional Greenhouse Gas Initiative, called RGGI, said today that they will be offering 40.6 million in CO2 allowances for sale at their eighth auction on June 9.
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- Author: admin
- Published: Mar 24th, 2010
- Category: Press Releases
- Comments: 2
Press Release: World Energy Supports Seventh Successful RGGI Carbon Dioxide Allowances Auction
WORCESTER, MA, March 16 /PRNewswire-FirstCall/ – World Energy Solutions, Inc. (NASDAQ: XWES; TSX: XWE), an operator of online exchanges for energy and green commodities, today announced it has successfully supported the first quarterly auction of carbon dioxide (CO2) allowances in 2010, and seventh overall, administered by Regional Greenhouse Gas Initiative, Inc. (RGGI, Inc.) on March 10, 2010.
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Carbon permit prices fall in U.S. RGGI auction
WASHINGTON, Dec 4 (Reuters) – Prices for utility permits to emit the greenhouse gas carbon dioxide in the U.S. East fell in the sixth quarterly auction of the allowances, states in the regional market said on Friday.
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MEDIA ALERT: RGGI, Inc. to Host Webinar on Bidding Process for Sixth RGGI Auction
Title: MEDIA ALERT: RGGI, Inc. to Host Webinar on Bidding Process for Sixth RGGI Auction
Location: Web
Link out: Click here
Description: NEW YORK, October 5, 2009 — The Regional Greenhouse Gas Initiative, Inc. (RGGI, Inc.) will host a free webinar to review bidding procedures for the sixth auction for RGGI CO2 allowances to be held on December 2, 2009. The webinar will be open to all.
R.I. gets carbon tax money
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The sale of millions of dollars in regional carbon credits last week means another $1.2 million will be added to the $5.9 million already set aside for Rhode Island to use for new energy-efficiency programs.
- Author: admin
- Published: Sep 16th, 2009
- Category: Press Releases
- Comments: None
Carbon Dioxide Emissions Allowance Prices Fall Sharply in RGGI Auction
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SUGAR LAND, TX–(Marketwire – September 14, 2009) – Researched by Industrial Info Resources (Sugar Land, Texas) — The price for carbon dioxide emissions allowances fell sharply last week in an auction among states participating in the Regional Greenhouse Gas Initiative (RGGI).
Barclays shifts U.S. RGGI carbon trade to London
NEW YORK, Sept 4 (Reuters) – Investment bank Barclays Capital has shifted its trading of U.S. Northeast carbon allowances to its London desk after a trader in New York left the company, the bank’s head of environmental markets said.
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- Author: admin
- Published: Sep 5th, 2009
- Category: Press Releases
- Comments: None
Market for RGGI CO2 Allowances Competitive and Efficient
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RGGI Participating States Open Fifth Auction Cycle with Release of Application Materials
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July 14, 2009 (New York, NY)– The ten Northeast and Mid-Atlantic states participating in the Regional Greenhouse Gas Initiative (RGGI) today released the Auction Notice and application materials for their fifth regional carbon dioxide (CO2) allowance auction, scheduled for September 9, 2009.
ERA Applications
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The states participating in the Regional Greenhouse Gas Initiative (RGGI) have received the following applications for early reduction CO2 allowances (ERAs) under each state’s CO2 Budget Trading Program.
Note that the totals presented below represent the amount of ERAs requested; no ERAs have been awarded to date. ERA applications are subject to the approval of the state regulatory agency to which they are submitted. Participating states have until December 31, 2009, to determine whether and in what number ERAs should be awarded for a respective application. Any ERAs awarded would be awarded in addition to the regional cap.
Offsets a better guide than RGGI for US carbon prices
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Voluntary carbon offset prices are a better indicator of potential prices in a US federal cap-and-trade regime than the current north-east regional programme, according to Harold Buchanan, managing partner at environmental investment manager CE2 Capital Partners.
- Author: admin
- Published: May 15th, 2009
- Category: Top Stories
- Comments: None
UPDATE: Model Application Materials for RGGI Offsets Now Available Online
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- Author: admin
- Published: May 7th, 2009
- Category: Press Releases
- Comments: None
Report: RGGI Trading Volumes Grow in First Quarter of 2009
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For Immediate Release Contact:Emilee PierceMay 7, 2009 212-417-3179 Report: RGGI Trading Volumes Grow in First Quarter of 2009 (New York, NY) — A report released today by the states participatingin the Regional Greenhouse Gas Initiative (RGGI) shows that the secondarymarket for RGGI CO2 allowances continues to mature.
RGGI States Honored by U.S. EPA
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(NEW YORK, NY) — The ten Northeast and Mid-Atlantic states
participating in the Regional Greenhouse Gas Initiative (RGGI)
yesterday were awarded a Climate Protection Award from the United
States Environmental Protection Agency (EPA). The award recognizes
RGGI as a model for federal climate legislation and honors each
state as a global leader in protecting the climate.
- Author: admin
- Published: Apr 13th, 2009
- Category: Top Stories
- Comments: None
States Initiate Bidding Process for Fourth RGGI CO2 Allowance Auction
| Sourced From |
For Immediate Release Contact:Emilee Pierce
April 13, 2009 212-417-3179
- Author: admin
- Published: Mar 22nd, 2009
- Category: Top Stories
- Comments: None
Indec sues Regional Greenhouse Gas Initiative over carbon cap and trade program
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Indec, a utility with power plants in the Northeast, has sued in the New York Federal District Court over the Constitutionality of the Regional Greenhouse Gas Initiative (RGGI). This is good news. The RGGI is an a new and untested voluntary state regulatory approach to GHG and Climate Change control. The Western Climate Change Initiative includes several Western States and Canadian Provinces stretching to Quebec on the East Coast. The Mid-Western Initiative is also a nascent regional effort. These gestating initiatives will greatly set the precedence for the Obama Administration, Congress, the Supreme Court and the EPA as a Federal cap and trade GHG program is fashioned over the next five years.
Green Group Buys CO2 Emissions Permits to Retire Them
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NEW YORK, New York, March 20, 2009 (ENS) – The first market-based, mandatory cap-and-trade program in the United States to reduce greenhouse gas emissions held its third auction of emissions allowances in a 10-state region from Maine to Maryland on Wednesday. Allowances for 1,000 tons of emissions were purchased by an environmental group, not for use but to remove them from the market.
Chicago Climate Futures Exchange Announces Record Volume For March 2009
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Chicago Climate Futures Exchange
- Author: admin
- Published: Mar 20th, 2009
- Category: Top Stories
- Comments: None
States Release Results of Third Auction for RGGI CO2 Allowances
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(New York, N.Y.) The states participating in the Regional Greenhouse Gas Initiative (RGGI) today announced the results of the third auction for RGGI carbon dioxide (CO2) allowances. The March 18th auction was the first since compliance obligations under RGGIs first three-year control period began January 1, 2009.
- Author: admin
- Published: Mar 8th, 2009
- Category: Top Stories
- Comments: 1
State seeks input on using carbon-credit auction revenue
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The state Office of Energy Resources is looking for comments on its plans for spending several million dollars it receives each year through its innovative auction of carbon credits that began last fall with the Regional Greenhouse Gas Initiative.
Polluters To New York: We Want Carbon Credits For Free
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David Patterson, governor of New York, is under pressure from industry to give away, not auction off carbon credits. Energy companies don’t want to pay extra for carbon credits. They tell the Governor that paying extra for the credits will lead to a rise in the cost of energy for New Yorkers.