Green Options » price of carbon http://greenoptions.com/tag/price-of-carbon Posts tagged 'price of carbon' Tue, 30 Sep 2008 18:23:46 +0000 http://wordpress.org/?v=2.5.1 en First Carbon Auction in U.S. Hailed as Big Success http://redgreenandblue.org/2008/09/30/first-carbon-auction-in-us-hailed-as-big-success/ http://redgreenandblue.org/2008/09/30/first-carbon-auction-in-us-hailed-as-big-success/#comments Tue, 30 Sep 2008 18:23:46 +0000 Timothy B. Hurst http://redgreenandblue.org/2008/09/30/first-carbon-auction-in-us-hailed-as-big-success/ Regional Greenhouse Gas Initiative sets carbon price at $3.07/ton

The first ever auction of carbon permits in the United States has reportedly exceeded all expectations. The Regional Greenhouse Gas Initiative (RGGI) held the first of several planned auctions for carbon permits last week and the demand was so strong, organizers believe it can be a model for a broader-based national program.

RGGI (pronounced ‘reggie’) is a regional agreement between ten northeastern states to manage and regulate greenhouse gas emissions with a system that requires fossil-burning utilities to buy permits for the carbon they release into the atmosphere.

>>More on cap-and-trade at RG&B

Read more of this story »

]]> http://redgreenandblue.org/2008/09/30/first-carbon-auction-in-us-hailed-as-big-success/feed/