RGGI allowance auction date announced

US states participating in the Regional Greenhouse Gas Initiative (RGGI), an agreement among the Governors of ten north-eastern and mid-Atlantic states to reduce greenhouse gases from power plants, have announced the date for the first ever carbon dioxide allowance auction in the United States for a mandatory emissions reduction program.

The RGGI states have agreed to participate in quarterly uniform regional auctions for the allowances that each state will be offering for sale, with the first sc