This morning Governor Eliot Spitzer announced that the rules implementing the Regional Greenhouse Gas Initiative (RGGI) in New York State are available for review and public comment.
These rules (there's a NYSERDA rulemaking on the auction component as well) are a critical component of New York climate change policy.
The DEC rule proposes the auctioning 100 percent of New York's allocation of CO2 emissions allowances. The proceeds of from the auction will be used to for investment in energy efficiency and renewable energy technologies.
Proposed rule text can be found here:
http://www.dec.ny.gov/regulatioComments will be received until December 24, 2007.
Public hearings are scheduled for:
December 12th in New York City
