This auction is the first time New York sold CO2 allowances for 2012 and it marks the second time New York has sold allowances in the RGGI auction, which includes Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, Rhode Island and Vermont. New York had 776,385 CO2 allowances for 2012 up for auction.
In collaboration with New York State Energy Research and Development Authority, the Department of Environmental Conservation and the Public Service Commission, proceeds from the RGGI auctions will be used for energy efficiency and conservations programs throughout the state. (NYAREA)
More on the RGGI auction