Delaware
Use of Auction Proceeds for Consumer Benefit Programs
Under Delaware's CO2 Budget Trading Program Regulations, and as directed by Senate Bill No. 263: An Act to Amend Title 7 of the Delaware Code Relating to RGGI and CO2 Emission Trading Program, approximately 65 percent of the state's auction proceeds is directed to the new Sustainable Energy Utility, the entity tasked with providing energy efficiency and renewable energy programs for households and businesses.
A total 15 percent of auction proceeds is directed to low income consumers through programs administered by the Department of Health and Social Services. These programs include the federally funded and state administered Weatherization Assistance Program (WAP) and the federally funded and state administered Low Income Home Energy Assistance Program (LIHEAP) programs.
In addition, up to 10 percent will be used for greenhouse gas reduction projects selected by the Secretary following a periodic competitive proposal process. Projects must result in quantifiable and verifiable reductions in greenhouse gas emissions in Delaware not otherwise required by federal or state law and not receive funding from any other state sources. The remaining 10 percent may be used to administer RGGI and climate change programs in DNREC.
For more information on Delaware's use of auction proceeds, please see:
For more information on Delaware's participation in RGGI please consult state regulations and state press releases on the use of auction proceeds.
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