New York may up RGGI allowances
New York State may decide to allocate more allowances under the Regional Greenhouse Gas Initiative to ease the cost burden on compliance buyers, finds Pauline McCallion
New York state governor David Paterson has confirmed he will investigate the case for allocating more allowances under the Regional Greenhouse Gas Initiative (RGGI), a scheme that limits emissions from power plants in 10 north eastern US states that took effect on January 1 2009.
Morgan Hook, a spokesperson for the governor's office, said Paterson would examine the results of the last two RGGI auctions, held in December 2008 and March 2009, to determine if more allowances should be given out to
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