Regional Greenhouse Gas Initiative

Emissions allowance tracking system: maintained a database, users guide, and public reporting capability to track emissions and allowance transfers. This system is available at www.rggi.org

Market monitoring: developed techniques to monitor market activity which resulted in quarterly reports of market activity.

Auctions: provided technical support to states in the development and execution of auction platforms for allowances to emit carbon dioxide. This resulted in publication of auction notices and materials.

Technical analysis & evaluation: as called for in the original rggi memorandum of understanding, the participating states conducted a program review of the co2 budget trading programs. Proposed amendments to the program have been incorporated in an updated model rule (released on february 7, 2013) that will guide each state as it follows its own statutory and/or regulatory procedures to propose updates to its co2 budget trading program. A rigorous and comprehensive evaluation of the Regional Greenhouse Gas Initiative, supported by an extensive Regional stakeholder process that engaged the regulated community, environmental nonprofits, consumer and industry advocates, and other interested stakeholders. Expenses include technical analysis to support program review and evaluation.