State CO2 credits net $13.3M; Auction sale spurs energy programs.Byline: John J. Monahan Monahan is a name of Gaelic origin, derived from manacháin, meaning "little monk".[1], and may refer to the following: People with the surname Monahan
BOSTON Boston, town, England Boston, town (1991 pop. 26,495), E central England, on the Witham River. Boston's fame as a port dates from the 13th cent., when it was a Hanseatic port trading wool and wine. Having recovered from a decline in the 18th and 19th cent. - A first-ever auction of state global warming global warming, the gradual increase of the temperature of the earth's lower atmosphere as a result of the increase in greenhouse gases since the Industrial Revolution. pollution credits that set the price for future excess emissions at $3.07 per ton has brought $13.3 million into the state coffers that Gov. Deval L. Patrick said will be allocated to several state energy programs. "We will use these funds to help municipalities find greener solutions to their energy challenges and help consumers reduce their energy bills," Mr. Patrick said. The auction, operated by World Energy of Worcester, set a price that would be charged for emissions that exceed global warming caps to be established for power plants and other large emission sources under the Northeast states' Regional Greenhouse Gas Initiative Regional Greenhouse Gas Initiative (RGGI, or ReGGIe) is a regional initiative by states in the Northeastern United States region to reduce greenhouse gas emissions. The RGGI is designing a cap and trade program for emissions from power plants. . In all, 12.5 million 1-ton emission credits were sold in the auction held last Thursday to 59 bidders that included power plant operators, banks and environmental groups, with Massachusetts Massachusetts (măsəch  `sĭts), most populous of the New England states of the NE United States. taking in
$13.3 million for credits it offered for sale.
Under provisions in legislation adopted earlier this year, revenues from the auction will be distributed to energy-efficiency and conservation programs. Mr. Patrick directed $3.5 million for 2008 utility-administered energy-efficiency programs that are expected to be ramped up before the end of the year. Another $5 million will go toward a program to provide grants and technical assistance to cities and towns for energy-conservation and renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. programs. The governor said $4.3 million will be set aside for other measures to address energy costs this winter, which will be outlined in October by the state's Winter Energy Costs Task Force. Another $500,000 from the auction will go toward the cost of administering the auction and the 10-state carbon emission cap and trade program. |
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