Auction to be held on June 8, 2011. The webinar will be open to all.
WHAT:
One-hour webinar to review the RGGI auction format and qualification process.
WHEN:
Thursday, April 14, 2011, 2PM – 3PM ET.
ACCESS:
No advance registration is required.
To access the webinar audio, dial the teleconference access number: (888) 609-1608 and enter the participant code, 555661#. To view the accompanying slides, go to www.infiniteconferencing.com/Events/rggi, select the participant option, and enter participant code 555661 and the following information: name, company, email address, and title.
Bidders can also download the webinar slides from the Auction Website: http://www.rggi.org/market/co2_auctions/information. Slides will be posted no later than 10:00 AM ET on Wednesday, April 13, 2011.
For those unable to attend the live webinar, a recorded version will be made available no later than Tuesday, April 19, 2011 at http://www.rggi.org/market/co2_auctions/information.
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ABOUT THE REGIONAL GREENHOUSE GAS INITIATIVE
The 10 Northeast and Mid-Atlantic states participating in RGGI (Connecticut, Delaware, Maine, Maryland, Massachusetts, New Jersey, New Hampshire, New York, Rhode Island and Vermont) have implemented the first market-based, mandatory cap-and-trade program in the U.S. to reduce greenhouse gas emissions. Power sector CO2 emissions are capped at 188 million short tons per year 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.
A CO2 allowance represents a limited authorization to emit one ton of CO2, as issued by a respective participating state. A regulated power plant must hold CO2 allowances equal to its emissions to demonstrate compliance at the end of each three-year control period. The first control period for fossil fuel-fired electric generators under each state’s CO2 Budget Trading Program took effect on January 1, 2009 and extends through December 31, 2011. Allowances issued by any participating state are usable across all state programs, so that the ten individual state CO2 Budget Trading Programs, in aggregate, form one regional compliance market for CO2 emissions. For more information turn to: www.rggi.org.
ABOUT REGIONAL GREENHOUSE GAS INITIATIVE, INC.
Regional Greenhouse Gas Initiative, Inc. (RGGI, Inc.) is a 501(c) (3) nonprofit organization created to provide technical and administrative services to the states participating in the Regional Greenhouse Gas Initiative. For more information please visit: www.rggi.org/rggi
RGGI, Inc.
90 Church Street
4th Floor
New York, NY 10007
212-417-3179
