Maine
Use of Auction Proceeds for Consumer Benefit Programs
Proceeds from the sale of Maine's RGGI CO2 allowances are allocated according to Title 35-A §10008, which establishes The Maine Energy and Carbon Savings Trust and directs Trustees to invest RGGI auction proceeds in electric and fossil fuel energy efficiency programs.
So far, the Trust has distributed $650,000 in RGGI proceeds to low-income weatherization projects and allocated 40 percent of the state's proceeds from auctions 1-4 to Efficiency Maine, a residential energy-efficiency and conservation program administered by the Public Utilities Commission.
The Trustees report that an additional 25 percent of proceeds will be awarded as competitive grants for large energy efficiency and conservation projects, ranging from $10,000 to $1 million each. After evaluating preliminary results from these programs, the Trustees will identify additional areas in need of funding and disburse the remaining proceeds.
For more information on Maine's use of RGGI auction proceeds, including budgeting and project selection criteria please see:
For more information on Maine's participation in RGGI, please consult state regulations and state press releases on the use of auction proceeds.
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