RGGI Officials Consider Tighter Emissions Cap, Tweaks to Cost Containment Reserve

View on SNL Energy website

Date

May 4, 2016

News Type

Media Highlight

Source

SNL Energy

"Speaking at an April 29 learning session that followed the stakeholder review meeting, Dallas Burtraw, Darius Gaskins senior fellow at Resources for the Future, said there are two sides to the cost containment reserve. On the one side, there is a price floor implemented with a reserve price, or minimum acceptable bid, in the auction. 'If market prices (and buyer willingness to pay) is below the reserve price, then some portion of allowances will not be sold or enter the market. Tighter supply will support the price,' Burtraw said in a presentation."

Topics

Air Quality

Related People

Dallas Burtraw

Darius Gaskins Senior Fellow

Dallas Burtraw is the Darius Gaskins Senior Fellow at RFF. Burtraw’s research includes analysis of the distributional and regional consequences of climate policy and the evolution of electricity markets, including renewables integration.

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