September 30, 2008
First RGGI auction raises $38.6M
By Whit Richardson
Six northeastern states, including Maine, raised a total of $38.6 million in the nation's first carbon auction, which took place last Thursday, under the Regional Greenhouse Gas Initiative, according to results reported yesterday.
A total of 12,565,387 carbon allowances sold at a clearing price of $3.07 per allowance, according to a press release from Regional Greenhouse Gas Initiative Inc. Maryland generated the most, with $16.4 million. Maine generated $2.7 million.
The states plan to invest the funds generated from the auctions in energy efficiency and renewable energy technologies, and programs to benefit energy consumers.
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