Thursday, March 20, 2008
Regional Greenhouse Gas Initiative Update
The states participating in the Regional Greenhouse Gas Initiative (RGGI) have released a summary of design elements for conducting regional allowance auctions. In addition, Regional Greenhouse Gas Initiative, Inc. (RGGI, Inc.), the non-profit organization set up to provide technical assistance to support the implementation of the RGGI cap-and-trade program by the RGGI participating states, announced the selection of a number of firms to support RGGI implementation. These firms were selected through a competitive RFP process.
A final report containing research and recommendations for the design of a CO2 allowance auction as part of the Regional Greenhouse Gas Initiative has also been released by the research team from the University of Virginia, Resources for the Future, and the California Institute of Technology.