[Terrapreta] subsidies

[David Yarrow]

U.S.'s First Carbon Auction Set for September 10

By David Funkhouser, Hartford Courant, March 18, 2008

http://salsa.democracyinaction.org/dia/track.jsp?v=2&c=axBQSK9AbVA2eWp4cRrldx9K1YnPIeg0

"For the first time in the U.S., carbon dioxide goes on sale in September -- and the bidding will start at $1.86 a ton. A consortium of 10 states, including Connecticut, said Monday it will hold the first auction of carbon emissions 'allowances' on Sept. 10... Subsequent auctions will be held quarterly, and power plant operators -- who until now have been able to emit without paying -- will have until the end of 2011 to acquire enough credits to account for all of their CO2 emissions... The states participating in the Regional Greenhouse Gas Initiative have agreed to auction off nearly all of the allotment of carbon allowances, totaling about 188 million tons of CO2 in the first year. The consortium includes all of New England, Delaware, Maryland, New Jersey and New York."
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