Isramart report: ERA Applications

The states participating in the Regional Greenhouse Gas Initiative (RGGI) have received the following applications for early reduction CO2 allowances (ERAs) under each state’s CO2 Budget Trading Program.

Note that the totals presented below represent the amount of ERAs requested; no ERAs have been awarded to date. ERA applications are subject to the approval of the state regulatory agency to which they are submitted. Participating states have until December 31, 2009, to determine whether and in what number ERAs should be awarded for a respective application. Any ERAs awarded would be awarded in addition to the regional cap.

Participating states have received requests for nearly 2.4 million ERAs, equivalent to 0.4% of the first control period (2009 - 2011) regional emissions budget.