The New York State Department of Environmental Conservation’s (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.
For a Limited Time receive a
FREE EHS Report, "Recordkeeping for EHS Managers." This special report contains a recordkeeping checklist to help you keep track of your records for major environmental laws and OSHA’s Hazard Communication Standard.
Download NowIn total, 40,685,585 allowances offered by the 10 RGGI states for the current compliance period (2009-2011) sold at a clearing price of $1.88 per allowance in the mid-June auction. The RGGI states also auctioned allowances for the next three-year compliance period (2012-2014): 2,137,993 of these allowances sold for $1.86 per allowance. New York sold 15,136,022 of the 2009-11 vintage allowances and 756,801 of the 2012-14 vintage allowances. The 10 RGGI states have raised a total of $662.8 million since the first RGGI auction in September 2008. New York’s share is approximately $243 million.
States are investing proceeds to improve energy efficiency, accelerate the rollout of renewable energy technology and build the clean energy economy. DEC anticipates that New York’s investments will drive demand for new products and services and help train a new workforce.
INFO: Maureen Wren at 518-402-8000.