Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution
Green Car Congress
APRIL 10, 2010
The first auction for allowances was held on September 25, 2008. Since September 2008, RGGI has raised $583 million for the states in these quarterly auctions of permits with between 65 and 70 percent of cap-and-trade proceeds going back into the clean energy economy. The program then reduces the cap by 2.5 WCI covers seven U.S.
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