Regional Greenhouse Gas Initiative

an initiative of the Northeast and Mid-Atlantic States of the U.S.

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2012-2014 Allowance Distribution

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CO2 allowances are issued by each RGGI State in an amount defined in each state's applicable statute and/or regulations. Together, all the CO2 allowances issued by all the RGGI States comprise the RGGI cap.

For the second three-year control period (2012-2014), the CO2 emissions cap for the nine-state RGGI region (Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont) was 165 million short tons in 2012 and 2013 and 91 million short tons in 2014. The 2014 RGGI adjusted cap for the nine-state region was 82.8 million. 82.8 million was the number of CO2 allowances allocated by the RGGI states for 2014.

For more details on the distribution of CO2 allowances by state, download the full data here:
[ PDF ] [ XLS ]

SCP Distribution SCP Budgets

 

Legend Key

CO2 Allowance Budget: Total number of CO2 allowances issued by each state for the second three-year control period (2012-2014).

First Control Period Interim Adjustment: Total number of CO2 allowances deducted from the 2014 CO2 allowance base budget equivalent to the private bank of first control period allowances (allocation year 2009, 2010, & 2011), divided over the 2014-2020 period.

CO2 Allowance Adjusted Budget: Total number of CO2 allowances allocated by each participating state for the second three-year control period (2012-2014).

Offered at Auction: Total number of CO2 allowances offered at auction (includes Sold at Auction, Offered but Unsold at Auction, and Unsold Allowances Retired).

Sold at Auction: Total number of CO2 allowances sold at auction, not including CCR allowances.

Sold Cost Containment Reserve (CCR) allowances: Total number of CCR allowances sold at an auction in which the CCR Trigger Price was reached.

Sold at Fixed Price: Total number of CO2 allowances sold directly to regulated sources at a fixed price.

Offered but Unsold at Auction: Total number of CO2 allowances that were offered at an auction but were not sold.

Transferred from State Set-Aside Accounts: Portion of CO2 Allowance Budget that has been distributed directly from state accounts.

Remaining Set-Aside Allowances: Portion of CO2 Allowance Budget delegated as state set-aside allowances that are remaining in state set-aside accounts.

Set-Aside Allowances Retired: Portion of CO2 Allowance Budget that has been retired from state set-aside accounts.

Unsold Allowances Retired: Total number of CO2 allowances that were offered at an auction but were not sold and have been retired.

 

Please note: Percentages do not include the small number of second control period CO2 allowances sold by New Jersey from 2009-2011.

Full data on 2012-2014 CO2 allowance allocation can be downloaded here: [ PDF ] [ XLS ]