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 Subject :Re: Green Group Buys CO2 Emissions Permits to Retire Them..
02-06-2009 17:50:35 
Junior
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NEW YORK, New York, March 20, 2009 (ENS) - The first market-based, mandatory cap-and-trade program in the United States to reduce greenhouse gas emissions held its third auction of emissions allowances in a 10-state region from Maine to Maryland on Wednesday. Allowances for 1,000 tons of emissions were purchased by an environmental group, not for use but to remove them from the market. In a report on the auction today, the 10 Northeast and Mid-Atlantic states participating in the Regional Greenhouse Gas Initiative said all of the 31,513,765 allowances for the 2009 emissions sold at a clearing price of $3.51 per allowance. The participating states have regulations in place to cap and then reduce the amount of carbon dioxide, CO2, that power plants in their region are allowed to emit, limiting the region's total contribution to atmospheric greenhouse gas levels. Power sector CO2 emissions are capped at current levels through 2014. The cap will then be reduced by 2.5 percent in each of the four years 2015 through 2018, for a total reduction of 10 percent. The March 18 auction was the first since compliance obligations under RGGI's first three-year control period began on January 1, 2009.
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 Subject :Green Group Buys CO2 Emissions Permits to Retire Them..
02-06-2009 17:49:40 
Junior
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