Vermont earns $620,000 in first quarterly sale of carbon credits

first_imgGovernor announces results of RGGI auction: Vermont earns $620,000 in first quarterly saleTotal earnings could exceed $3 million in first year; Funds used to reduce energy bills and create ‘green’ jobsMONTPELIER – (Septeber 29, 2008) Governor Jim Douglas today released the Vermont results of the first auction of carbon dioxide (CO2) emission allowances in North America, saying Vermont sold all its 202,000 allowances at a clearing price of $3.07 per allowance.”This is outstanding news for Vermont,” the Governor said. “This will help us create more and better paying green tech jobs, lower Vermonters’ energy bills and reduce greenhouse gas emissions.”Vermont will auction 1.2 million carbon allowances each year, and at current prices, could earn almost $3.7 million annually to fund energy efficiency and green economy jobs.”I am very proud that we were the first state to sign on to the Regional Greenhouse Gas Initiative (RGGI),” Douglas said. “RGGI is a crucial piece of the climate change puzzle because it allows Vermont to lower its carbon footprint, tackle energy costs and stimulate our economy.”Six states – Vermont, Connecticut, Maine, Maryland, Massachusetts and Rhode Island – auctioned a combined 12.5 million allowances for $38.5 million in the Sept. 25 sale. The Regional Greenhouse Gas Initiative, or RGGI, reported that 59 participants from the energy financial and environmental sectors took part in the first-in-the-nation auction, indicating a strong start in the first of many CO2 allowance auctions.Vermont will invest those funds in energy efficiency and renewable energy technologies and programs to benefit energy consumers, including research and technology to curb carbon emissions. The Public Service Board will appoint trustees to oversee the RGGI proceeds. The Department of Public Service will make recommendations to the Board and its trustees for programs and activities such as weatherization, pursuing renewable energy and improving energy efficiency.”The 10 RGGI states have demonstrated great leadership in coming together to offer this first carbon cap-and-trade system, and the smooth completion of the initial auction is proof that the RGGI partners are leading the nation in the battle against climate change,” said Jonathan Schrag, Executive Director of the Regional Greenhouse Gas Initiative, Inc. “RGGI’s example shows that an open and competitive carbon market can be implemented elsewhere.””The first RGGI auction has successfully used market forces to set a price on carbon, and this will send a clear market signal to support the investment in clean energy technologies,” Schrag added.Any CO2 allowances purchased at the first auction can be used by a regulated facility for compliance in any of the RGGI states, even if that state did not offer allowances in the first auction.The next allowance auction is set for December 17, 2008. These early auctions, combined with the others being held in the first compliance period, will ensure an ample opportunity for bidders to obtain the allowances they will need for compliance across the entire 10-state region. RGGI intends to hold quarterly auctions during the first RGGI three-year compliance period, which will be from January 1, 2009 to December 31, 2011.About the Regional Greenhouse Gas InitiativeThe 10 Northeast and Mid-Atlantic states participating in RGGI have designed the first market-based, mandatory cap-and-trade program in the U.S. to reduce greenhouse gas emissions. The states have committed to cap and then reduce the amount of CO2 that power plants in their region are allowed to emit, limiting the region’s total contribution to atmospheric greenhouse gas levels.Under the RGGI process, the 10 participating states will stabilize power sector CO2 emissions at the capped level through 2014. The cap will then be reduced by 2.5 percent in each of the four years 2015 through 2018, for a total reduction of 10 percent.The 10 states participating in RGGI are Vermont, Connecticut, Delaware, Maine, Maryland, Massachusetts, New Jersey, New Hampshire, New York and Rhode Island.For more information about RGGI, turn to: is external)last_img read more

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Otsego county holds free testing site

first_imgTo pre-register for the clinic call (607) 547- 4279. Residents getting tested will be required to remain in their vehicles and will have to wear a mask. The Otsego County Department of Health says that this site is a drive-up testing site for people who are not sick, but who still want to be tested for the virus. The tests will be held in the Southside mall parking lot on August 20th from 9-12 P. M. OTSEGO COUNTY (WBNG) — The Department of Health in Otsego is holding a coronavirus testing site for residents.last_img

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first_imgFianna Fáil has accused the Government of completely ignoring apprenticeship programmes over the past four years.Charlie McConalogue TDThey also claim that Education Minister Jan O’Sullivan is trying to win back support for her party by promising to extend the scheme to new sectors.New figures released to Fianna Fáil through Parliamentary Question reveal that the number of apprenticeships fell by 30% between 2010 and 2014. The party’s Education spokesperson Charlie McConalogue says these figures are a damning indictment of the scant attention given by this Government to the apprenticeship programme.“Successive Ministers have been shockingly slow to realise that an apprenticeship system is vital in dealing with Ireland’s acute long-term unemployment problem. However, it appears to have fallen off the Government agenda and has only resurfaced now that a General Election is on the horizon.“While Higher Education will continue to be the primary pathway for young people to skilled employment, it does not suit everyone and employers value vocational training. However this Government has failed to build on the programmes that have been offered to date and have allowed participation to fall off without introducing any changes to the existing programmes or expanding them until now. The demand from the technology and business sectors has not been fully utilised or valued and its role and contribution is not well understood by this government.”He added that while the proposal by the Apprenticeship Council to expand apprenticeship categories is welcome, the announcement is a drop in the ocean of what is required to deal with what is fast becoming Ireland’s largest economic problem. “Government, education providers and industry must work together to ensure these new apprenticeship areas are fast tracked immediately,” he said.GOVERNMENT IS COMPLETELY IGNORING APPRENTICESHIP PROGRAMMES – McCONALOGUE was last modified: August 2nd, 2015 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Charlie McConaloguedonegalfianna failTDlast_img read more