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

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