Carbon dioxide allowances head for auction

Space & Earth science / Environment

A consortium of Eastern U.S. states will auction carbon missions allowances this fall in an effort to reduce carbon missions from power plants.

The Hartford (Conn.) Courant said bidding on Sept. 10 will start at $1.86 a ton, with subsequent auctions held quarterly. Power plant operators in the 10 member states will have until the end of 2011 to acquire enough credits to account for all of their carbon dioxide emissions, the newspaper said.

The amount of emissions allowed will shrink by 10 percent over 10 years and the number of permits auctioned will be reduced.

The Regional Greenhouse Gas Initiative, RGGI, includes Connecticut, Delaware, Maine, Maryland, Massachusetts, New Jersey, New Hampshire, New York, Rhode Island and Vermont.

Copyright 2008 by United Press International

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Posted by aufever 03/19/08 12:23

Rank: 5/5 after 1 vote

What a JOKE, the Governments have found a NEW REVENUE SOURCE and the people of the world have been Brainwashed by this new religion. It even has a Religious head by the name of Al Gore.

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Posted by Sophos 03/19/08 12:37

Rank: 3/5 after 2 votes

Your preaching to the choir Rev. fever
nuclear winters, Ozone holes, now CO2
But this time the sky really is falling.

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Posted by aufever 03/19/08 14:17

Rank: 5/5 after 1 vote

For those that have converted to the Global Warming Religion, I would suggest that you read this from NOAA
http://www.noaane...est.html
It seems that we have had the coldest winter since 2001 and the Northern Hemisphere is covered with Record Snow Levels.

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Posted by wawadave 03/19/08 17:21

Rank: 5/5 after 1 vote

I agree no carbon reduction ever was or is intended here only cor-pirate government revenue!

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Posted by sheber 03/19/08 18:02

Not rated yet.

And the "right to pollute" goes... to the highest bidder!