Summary of the Workshop to Support Implementing the Minimum 25 Percent Public Benefit Allocation in the Regional Greenhouse Gas Initiative
AbstractOn July 20, 2006, in New York City, Resources for the Future convened a workshop of stakeholders and state officials engaged in the Regional Greenhouse Gas Initiative (RGGI) together with experts on various aspects of using auctions. The workshop provided technical assistance to states for the development of a plan to satisfy the requirement for an allocation of emissions allowances to benefit consumers or for strategic energy purposes. The workshop included an overview of auction theory, a panel on concerns of stakeholders about using an allowance auction in the RGGI, a panel on the motivations for and lessons from using auctions in other applications, and one on past experiences with auctions of emissions allowances. This workshop summary presents the main ideas presented by speakers and the audience. The summary concludes by drawing on the discussion to compile a suggested roadmap identifying steps for planners in moving toward implementation of the auction.
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Bibliographic InfoPaper provided by Resources For the Future in its series Discussion Papers with number dp-06-45.
Date of creation: 28 Sep 2006
Date of revision:
auction; allowances; emissions trading; climate;
Find related papers by JEL classification:
- D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
- Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-10-21 (All new papers)
- NEP-ENE-2006-10-21 (Energy Economics)
- NEP-ENV-2006-10-21 (Environmental Economics)
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