California and New York on cap-and-trade; Oregon project seeks permitting

California and New York — two cap-and-trade examples. An Oregon project seeks permitting.

California: After Fourth Auction, Cap-and-Trade Deemed a Success
New York: Study Says New York’s Cap-and-Trade System Yields $500 Million for Cleaner Air
Oregon: Klamath Falls Project on Private Land Seeks Permits

California: After Fourth Auction, Cap-and-Trade Deemed a Success
By Sustainable Energy Coalition/SUN DAY Campaign, source: Orange County Register — In the fourth auction of greenhouse gas credits — in which the rights to emit more than 14 million tons of carbon dioxide were sold — since California’s much-debated “cap-and-trade” initiative was launched in January, all the California’s Air Resources Board’s credits being stored were sold off and 70 percent more were bid on. The Air Board’s current credits were valued at $170 million. Additionally, more than $100 million in future emission credits were sold this quarter, beating out last quarter’s sales by roughly $20 million. About 350 businesses and cities took part. The program is designed to drive down carbon emissions by requiring participants to buy credits if they emit over 25,000 tons of carbon dioxide per year, or the equivalent weight of other greenhouse gases. Between 2013 and 2020, the number of greenhouse gas credits offered will decrease by 2-3 percent per year, driving up their price. As participants in the program have to pay more for the carbon they emit, they will be forced to find ways to increase their efficiency to remain profitable.

New York: Study Says New York’s Cap-and-Trade System Yields $500 Million for Cleaner Air
By Sustainable Energy Coalition/SUN DAY Campaign, source: Albany Times Union — New York’s version of a cap-and-trade program for greenhouse gas emissions (RGGI) has brought in almost $500 million since its inception in 2008, according to a new survey. The funds have helped create jobs in the growing alternative-energy and energy-efficiency fields, according to Environmental Advocates, the watchdog group responsible for the study. Projects funded by RGGI and carried out by groups like the state Energy Research and Development Authority include installing solar panels on buildings and research into using nanotechnology in solar panels and cow manure as biofuel, which farmers could use to generate their own electricity. It has also paid for 50,000 home energy audits in which accredited contractors check dwellings for energy efficiency and offer suggestions for lowering heating and cooling costs.

Oregon: Klamath Falls Project on Private Land Seeks Permits
Entiv Organic Energy announced it is applying for construction permits for a project south of Klamath Falls. The project is planned to reach a 9.7 MW capacity. The site is on privately owned land. Heraldandnews.com

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