The states participating in the Regional Greenhouse Gas Initiative (RGGI) 2012 auctions have released the auction notice and application materials for their 16th quarterly carbon dioxide (CO2) allowance auction, which will be held on June 6.
The auction notice for CO2 Allowance Auction 16 provides potential auction participants with the information needed to submit a qualification application and indicate their intent to bid in Auction 16. As indicated in the auction notice, the states will offer for sale approximately 36.426 million CO2 allowances. The states will use a reserve price of $1.93 for the June auction.
More information on the auction is available here.