Regional Greenhouse Gas Initiative News
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Regional Greenhouse Gas Initiative Inc., the nonprofit that administers the U.S. Northeast’s greenhouse-gas emissions program, raised a record $124.5 million in its quarterly auction of carbon allowances after slashing next year’s supply by almost half.
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New Jersey Governor Chris Christie’s administration was sued by two environmental groups opposing its decision to pull out of a 10-state greenhouse gas-reduction agreement.
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New Jersey Governor Chris Christie said he plans to pull his state out of the U.S. Northeast’s carbon market by year-end.
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Inside Climate News --
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The U.S. Northeast’s cap-and-trade program, which has been hindered by pollution caps that surpass carbon emissions, is expected to lower its limit by as much as 45 percent today, according to the Natural Resources Defense Council.
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Regional Greenhouse Gas Initiative Inc., the nonprofit that administers the U.S. Northeast’s carbon-dioxide emissions program, proposed reducing the number of available permits by 45 percent to drive up prices.
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The U.S. Northeast’s cap-and-trade program, which was been hampered by pollution limits that exceed carbon emissions, is expected to reduce its cap by as much as 45 percent tomorrow, according to the Natural Resources Defense Council.
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President Barack Obama’s call for Congress to act on climate change may embolden European Union policy makers to fix the bloc’s ailing carbon market, said the president of the International Emissions Trading Association.
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Carbon-dioxide permits in the U.S. Northeast were auctioned for $1.89 each, the minimum allowable bid, as a record number of the pollution rights went unsold.
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New York Governor Andrew Cuomo proposed lowering the total amount of carbon dioxide that companies may emit under a regional cap-and-trade program to regulate air pollution.
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