The auction, the region’s third such sale since last year, and the first for 2009, will include allowances from all ten states participating in RGGI. In all, the states will offer about 31.5 million CO2 allowances from 2009 and 2.2 million CO2 allowances from 2012.
Given the very early stage of the market for RGGI CO2 emission allowances, RGGI said participating states have determined to continue using a reserve price of $1.86
