CO2 allowances are issued by each RGGI State in an amount defined in each state's applicable statute and/or regulations. Together, all the allowances issued by all the RGGI States comprise the regional CO2 emissions cap.
For the first three-year control period (2009-2011), the CO2 emissions cap for the ten-state RGGI region (Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont) was 188,076,976.
The charts below display the distribution of first control period allowances (2009-2011) by category as of April 29, 2013.
CO2 Allowance Budget: Total number of CO2 allowances issued by each state for the first three-year control period (2009-2011).
Offered at Auction: Portion of CO2 allowance budget offered at auction (includes Sold at Auction, Offered but Unsold at Auction, and Unsold Allowances Retired).
Sold at Auction: Portion of CO2 Allowance Budget sold at auction.
Sold at Fixed Price: Portion of CO2 Allowance Budget sold directly to regulated sources at a fixed price.
Unsold Allowances Retired: Portion of CO2 Allowance Budget that was offered at an auction but was not sold and has been retired.
Offered but Unsold at Auction: Portion of CO2 Allowance Budget that was offered at an auction but was 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 or auction accounts.
Set-Aside Allowances Retired: Portion of CO2 Allowance Budget that has been retired from state set-aside accounts.
Please note that percentages may change as states distribute allowances from set-aside accounts in accordance with state regulations. This does not include Early Reduction Allowances (ERAs) that were awarded for the first control period. More information on ERAs >>