Setting the stage for a new approach to combating climate change, Northeast and Mid-Atlantic states participating in the Regional Greenhouse Gas Initiative (RGGI) announced that the first auction in the nation for carbon dioxide pollution allowances will take place Sept. 10, 2008.

Auctions will be quarterly, with the second auction set for Dec. 17, 2008. In all likelihood, New York will participate in the second auction rather than the first.

The RGGI participants are Connecticut, Delaware, Maine, Maryland, Massachusetts, New Jersey, New Hampshire, New York, Rhode Island and Vermont. The full release and supplemental materials about the design of the auction are available at the RGGI Inc. website.


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