EcoSeed

Advertise With Us                                   Contribute With Us                                

Sat08292015

Hong Kong’s policy on environment-friendly commercial vehicles to tighten

Hong Kong’s policy on environment-friendly commercial vehicles to tighten

Hong Kong’s Environmental Protection Department will be tightening its qualifyin...

Philippines’ new wind farms add 303 MW to country’s power supply

Philippines’ new wind farms add 303 MW to country’s power supply

Two new wind farms in the Philippines have added 303 megawatts of clean energy t...

Geneva talks require “business unusual” approach – W.W.F.

Geneva talks require “business unusual” approach – W.W.F.

A “business unusual” approach is needed in the Geneva Talks to successfully deli...

New battery uses old batteries for greener energy storage

New battery uses old batteries for greener energy storage

Energizer has developed the world’s first high-performance battery made with rec...

Global warming to bring more devastating weather patterns

Global warming to bring more devastating weather patterns

The United Nations World Meteorological Organization confirmed that global warmi...

Jamaica to get 36.3 MW wind farm by 2016

Jamaica to get 36.3 MW wind farm by 2016

A 36.3 megawatt wind farm in Jamaica has received $62.7 million in funding from ...

A.D.B. provides Thailand with $85 million to develop wind power plant

A.D.B. provides Thailand with $85 million to develop wind power plant

The Asian Development Bank will be providing a company in Thailand loans to deve...

Business

Georgia taking leadership role in developing solar power

Georgia taking leadership role in developing solar power

Tuesday, 17 February 2015

The state of Georgia is emerging as a leader among the 50 states in promoting and implementing the use of solar energy, in part because of both busine...

Read more

Loading...

Technology

Penn State develops CPV system for rooftops

Penn State develops CPV system for rooftops

Tuesday, 10 February 2015

Researchers at Penn State have developed a concentrating photovoltaic system that is small enough and light enough to be mounted on a building’s roof....

Read more

Loading...

Politics

New draft text for climate agreement in Geneva reached

New draft text for climate agreement in Geneva reached

Monday, 16 February 2015

A new climate change draft text has been reached during the one-week United Nations-facilitated Geneva talks, leading to a binding treaty that is expe...

Read more

Loading...

Living Green

Wall-to-floor eco-friendly interior design

Wall-to-floor eco-friendly interior design

Tuesday, 17 February 2015

The materials you surround yourself with—from flooring and window coverings to furniture and accessories—have a great impact on the health of your hom...

Read more

Loading...

Renewables

Vestas supplies Poland, U.K. with turbines

Vestas supplies Poland, U.K. with turbines

Tuesday, 17 February 2015

Wind turbine manufacturer Vestas has announced that they have secured orders this week for two projects in Poland and the United Kingdom. The orders c...

Read more

Loading...

Low-Carbon

PG&E plans ambitious E.V. charger roll-out in California

PG&E plans ambitious E.V. charger roll-out in California

Tuesday, 17 February 2015

An estimated 25,000 electric vehicle chargers could be deployed in California by Pacific Gas and Electric Company. PG&E is seeking permission from Cal...

Read more

Loading...

Opinion

Unsustainable urban life: What's next?

Unsustainable urban life: What's next?

Wednesday, 11 June 2014

Nutrition plays a critical role in everyone’s chance at a better future. Hunger, said Benjamin Franklin once, is the best pickle. Some say “pickle”...

Read more

Loading...

R.G.G.I. carbon auction fetches $42 million; 38% remains unsold

The nine states participating in the Regional Greenhouse Gas Initiative accumulated a total of $41.6 million in proceeds from the program's 15th quarterly auction of carbon dioxide allowances.

More than half, 62 percent, of the 34,843,858 allowances offered for sale were sold for bids from $1.93 to $5.35 per allowance. The proceeds will be used by the participating states for energy efficiency and renewable energy programs.

R.G.G.I. is the first mandatory, market-based carbon dioxide emissions reduction program in the United States, participated in by Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island and Vermont.

The participating states have determined to reduce their power sector carbon dioxide emission by 10 percent by 2018. To do this, they each have an individual Carbon Dioxide Budget Trading Program which limits the emissions of carbon dioxide from fossil fuel-fired power plants with a generation capacity of 25 megawatts or more.

Alongside the caps each state puts on its power plants, they also issue carbon dioxide allowances that the power plants can buy during the quarterly auctions to allow them to meet their emission limits.

The allowances represent 1 short ton of carbon pollution with the total amount of allowances sold not exceeding 188 million tons per year through 2014.

After 2014, the cap will be reduced gradually by 2.5 percent per year over four years to achieve the overall reduction target of 10 percent by 2018.

"R.G.G.I. investments keep $765 million in our states by reducing fossil fuel expenditures. At the same time, we are reducing harmful pollution. This double impact - of enhancing local economies and reducing emissions - is what makes R.G.G.I. so effective," said David Littell, a commissioner of the Maine Public Utilities Commission and vice chair of R.G.G.I., Inc.

While Mr. Littell and the program's supporters claim the program is fulfilling its mandate, a significant portion of the carbon allowances available at the auctions still remain unsold.

For this auction, 38 percent of the allowances generated remained unsold, continuing a trend that started on December 2011 when the 14th quarterly auction sold 27.3 million of the available 43 million allowances, leaving 37 percent unsold.

The next R.G.G.I. auction is scheduled for June 6, 2012. – Katrice R. Jalbuena



Featured Partners