However, rggi indicated that flexibility will be retained to transition to a multiple. Principles and practice peter cramton professor of economics, university of maryland chairman, market design inc. The model rule is a set of proposed regulations that form the basis for each rggi states co 2 budget trading program. Online demo create an auction website rainworx software. Below we discuss additional research on this question. Auction design for selling co2 emission allowances under the regional greenhouse gas initiative, reports 200703, center for economic and policy studies. Less clear is what auction rules are best suited for the sale of emissions permits. Online auction software take your auctions online online auctions continue to gain popularity all the time. The uniformprice auction also is familiar to the electricity sector, as it is the auction form used in most independent system operator iso electricity auctions. On the other hand, if big ticket auction events make or break your organization every year, dedicated auction software becomes a vital investment.
Auction design for selling co2 emission allowances under the. In march 2007, the new york energy research and development authority nyserda, on behalf of rggi states, engaged a research team. Clerking, accounting, mailing list management, inventory. Mar 23, 2010 rggis success teaches us that it is not hard to create a lean, efficient auction system to price carbon and drive clean energy investments, and that the economic and policy principles. The regional greenhouse gas initiative rggi is a cooperative effort among the states of connecticut, delaware, maine, maryland, massachusetts, new hampshire, new jersey, new york, rhode island, and vermont to cap and reduce power sector co 2 emissions. Operating plan for investments in new york under the co. Eight years after its launch, the regional greenhouse gas initiative rggi capandtrade program has made big reductions in emissions from northeastern and midatlantic power plants, while also boosting energy efficiency, spurring the transition to clean energy, and improving public health. Analysis didnt take into account any of the environmental benefits. Program design archive a brief history of rggi in 2003, governors from connecticut, delaware, maine, massachusetts, new hampshire, new jersey, new york, rhode island, and vermont began discussions to develop a regional capandtrade program addressing carbon dioxide emissions from power plants. Rggi, the northeasts regional cap and trade program, again shows that it is possible to make the economics of carbon reduction work and boost energy efficiency as well. Rggi is a cooperative effort among the states of connecticut, delaware, maine, maryland, massachusetts, new hampshire, new jersey, new york, rhode island, and vermont to cap and reduce co 2 emissions. The regional greenhouse gas initiative rggi is the first mandatory marketbased program in the united states to reduce greenhouse gas emissions. Rggi is composed of individual co 2 budget trading programs in each participating state.
The best online auction software simple auction site. These documents illuminate the reasoning behind many of the design elements that were incorporated into rggis auction process. Charles holt, william shobe, dallas burtraw, karen palmer and jacob goeree. Rggi was established in 2005 and administered its first auction of co2. Since its original design, the model rule has been periodically revised. Ive recommended this site to a couple people already and i completely recommend it here.
Together we have created the most complete online auction software available on the market today. Your online silent auction platform is amazing userfriendly, seamless, glitchfree, and accompanied by topnotch customer service. World energy supports seventh successful rggi carbon. It covers ten northeastern and midatlantic states connecticut, delaware, maine, maryland, massachusetts, new hampshire, new jersey, new york, rhode island, and vermont. Regional greenhouse gas initiative 10 northeast states research funded by ny cap and trade program for co2 starting in 2009 all agreed to auction at least 25% of allowances c.
Several of rggis design elements generated considerable interest during the development and debate of federal proposals to address ghg emissions. Body shape model car body shape or bodywork, including sheet metal, for potential later use in aerodynamics simulations cfd and build reference measurements chassisframe modeling model space frame tube chassis structure and mounting brackets for potential later testing in structural design simulations fea and build reference. These documents illuminate the reasoning behind many of the design elements that were incorporated into rggi s auction process. The rggi auction should use a singleround, sealedbid format. Our team includes a dedicated group of professionals experienced in the online auction software business and estate liquidation with over 20 years of experience. Nrdcs bruce ho and jackson morris provide details on a plan to further reduce carbon emissions through the regional greenhouse gas initiative rggi, a ninestate cap and trade program. Proceeds from the auctions are returned to the rggi states and have been primarily invested in consumer benefit programs.
Furthermore, an emissions containment reserve ecr will be added in 2021. With 20 color schemes and all the backend options you need, easy. Rggi and emissions allowance trading analysis group. Simple auction site offers a complete auction solution from hosting your site to building your auction to designing your print catalogs and invoicing your customers. Here are some other types of auction software buyers from commercial businesses, along with examples of products that cater to each audience. If you never do auction fundraisers or dont rely on them for significant funding, dedicated auction software can seem unnecessary. Auction software online auction script emultitech auction. Rggi was created by 10 states in the northeast and midatlantic region of the united states to administer a capandtrade market for reducing greenhouse gas emissions from electric power generators. The us transportation and climate initiative tci should include a supplycurbing mechanism in its final capandtrade design to ensure reliable revenues to invest in fuel sector co2 abatement, according to a thinktank report released tuesday.
Mar 16, 2017 co 2 emissions from power plants have been steadily declining across the nine states of the regional greenhouse gas initiative rggi for the last decade, and in 2016 fell 8. Sellers love the idea of an online auction due to the additional exposure for their merchandise. Rggis positive impacts are due in part to rggis pioneering design. Auction design for selling co emission allowances under. Rainworx software is a global leader in online auction software and ecommerce solutions thousands of customers from businesses worldwide have been working with rainworx to create alternative online auction and unique ecommerce website solutions. Rggi agrees to reduce carbon emissions by another 30%. New york state energy research and development authority. For clients with especially complex problems, we provide customized auction designs that ensure achieving optimal solutions. I loved learning the ins and outs of auctria, and strongly recommend it for smaller auctions, and if the slight kinks are worked out, strongly recommend it for big auctions. Auction design for selling co2 emission allowances under. Rggi during the initial design of the co2 emissions allowance auctions. Phase 1 included the initial preparation of an annotated bibliography and a round of experiments to investigate the performance of a number of auction types. Community brands brought together the best and most innovative event fundraising technology with givesmart, gesture and 501 auctions.
In 2009, the 10 northeastern states that comprise the regional greenhouse gas initiative rggi will launch the first capandtrade program for. Not only does it allow you to manage your auctions quickly while youre on the go, but it lets your bidders participate in auctions whenever and wherever they are. Auction design for selling co2 emission allowances under the regional greenhouse gas initiative rggi charles holt and bill shobe uva dallas burtraw and karen palmer rff jacob goeree caltech sydney policy workshop presentation, november 2007 regional greenhouse gas initiative 10 northeast states research funded by ny. Through independent regulations, based on the rggi. One concern that emerged in our research was the stronger opportunity for collusion in clock auctions compared to sealed bid auctions. Our webawy auction software is a complete auction software, comes with classifieds software, forums software, stores and mall software, wanted ads software, blog software, content management cms software, banner system software, affiliates software, private mail software, multilingual, multitheme, responsive design, supports all devices with. A bipartisan coalition of nine northeastern and midatlantic states today 8232017 agreed to a bold plan to cut power plant pollution by at least another 30 percent through 2030, reaffirming the. Potomac economics serves as the market monitor for the capandtrade carbon market instituted under the regional greenhouse gas initiative rggi. Custom software development online auction software provider. As my title disclosed, rggi has chosen a single round, uniformprice, sealedbid auction the design recommended by the rggis auction design experts. We can help you with your overall inbound traffic and. No 200703, reports from center for economic and policy studies abstract. Full references including those not matched with items on ideas.
The regional greenhouse gas initiative rggi is a cooperative effort among the states of connecticut, delaware, maine, maryland, massachusetts, new hampshire, new jersey, new york, rhode island, and vermont to cap and reduce power sector co 2 emissions rggi is composed of individual co 2 budget trading programs in each participating state. Rggi can serve as a liaison between engineering, design, and operations management in efforts to improve efficiencies and industry compliance. Regional greenhouse gas initiative rggi co2 cap and. Rggi inc, with contractor support, conducts quarterly regional auctions which function as the primary market for co 2 allowances. Overall, for having this be the first and only auction software ive ever used, this has been an amazing experience. Initiative rggi will launch the first capandtrade program for greenhouse gas emissions. The regional greenhouse gas initiative rggi, the capandtrade program regulating northeast u. Sep 14, 2015 rggi, the northeasts regional cap and trade program, again shows that it is possible to make the economics of carbon reduction work and boost energy efficiency as well. Jun 09, 2014 new york the nine northeastern and midatlantic states participating in the regional greenhouse gas initiative rggi, the nations first marketbased regulatory program to reduce greenhouse gas pollution, today announced the results of their 24 th auction of carbon dioxide co 2 allowances.
Rainworx software is a global leader in online auction software. Simple auction site is a state of the art, professional online auction software package thats easy to use and completely customizable to suit your business needs. Xpert online auction software solution xpert online auction. You can finally start your own auction site for a reasonable price, hosting and setup included. A set of simulation results is then presented, based upon parameters roughly consistent with a contemporary u. A monte carlo emissions auction simulation software, oligopsony 1.
New york states regional greenhouse gas initiative. Northeastern regional greenhouse gas initiative rggi rggi was the first regional capandtrade program for greenhouse gases in the united states. Seven successful auctions later, i am delighted to say it remains a singular honor to work with rggi, inc. The reseach analyzed a variety of auction types and mechanisms to inform rggi during the initial design of the co 2 emissions allowance auctions. Create a site for real estate auctions, car auctions or just about anything you can imagine. Rggi picks uniformprice sealedbid auction design for. Regional greenhouse gas initiative rggi center for climate and. Auction design for selling co2 emissions allowances under. Sensitivity analyses and probability density analysis follows. As a provider of auction house software since 1997, our continuing relationship with our founding customers is testament to our firm commitment to customer support. Our new combined platform offers bestofbreed features and a worldclass suite of services to simplify event fundraising and help charities exceed their event goals. Our online low bid auction is packed with features and built using topoftherange tools and technologies. On march 23, 2006, the rggi states released a draft version of the model rule for public comment. The regional greenhouse gas initiative rggi is a cooperative effort amongst nine northeastern and midatlantic states to reduce carbon dioxide co 2 emissions from the electric power sector through a multistate cap and trade program.
Regional greenhouse gas initiative rggi co2 cap and trade. Jointly with our partners, we offer auction design and management for governments and fortune 500 companies, be it a procurement auction, a reverse. This report, a pioneering approach to carbon markets, and the interviews captured in the companion video, examine the history of the rggi development process and the innovative design choices adopted by the states. The initial results of the rggi program may be instructive to policymakers. Co 2 emissions from power plants have been steadily declining across the nine states of the regional greenhouse gas initiative rggi for the last decade, and in 2016 fell 8. In an era where visual representation is everything. Regional greenhouse gas initiative potomac economics. The rggi emissions cap took effect january 1, 2009. Auctionworx create your own auction website rainworx software. World energy supports seventh successful rggi carbon dioxide. Nonprofit organizations charities, foundations, schools are the primary purchasers of auction software, but theyre not the only ones. The regional greenhouse gas initiative rggi portfolio of programs will reduce and avoid greenhouse gas and other air pollutant emissions, demonstrate new york states commitment to its environmental goals, and support the movement toward a national, multisector greenhouse gas reduction program.
Rggis auction protocol also contains a provision that prevents any one bidder from acquiring more than 25 percent of the allowances in order to prevent market manipulation and fraud. Learn more clever, tailored design for ultra usability. Energy efficiency yields big benefits through the regional greenhouse gas initiative, and states interested in lowering carbon emissions to meet the epas clean power plan should take notice thats the message from the analysis group, which has issued the results of its latest report on rggis past three years. Electricity consumers are absorbing these costs as part of their monthly electricity bills. Regional greenhouse gas initiative about potomac economics potomac economics is a leading provider of independent market monitoring, expert analysis and advice, custom software solutions, and litigation support services to the electricity and natural gas industries. American solar energy society 2525 arapahoe avenue suite e4253 boulder, co 80302 email. Marylands program allows but does not require participation in the multistate auctions. A listing of cumulative allowance sales as well as proceeds is recorded on rggis auction results page.
Auction flex pricing auction flex auction management. Energy efficiency via rggi a model for clean power plan. Rggi separately announced the basic auction design features that the rggi states have agreed upon. Phase 1 included the initial preparation of an annotated bibliography and a round of experiments to investigate the performance of a number of auction types considered to be likely candidates for. Gavel buddy can create you your own website for you to manage and conduct online only, webcast, and prebid auctions. Auction design for selling co2 emission allowances under the regional greenhouse gas initiative. Virtual auctions break down and eliminate the physical limitations of traditional auctions such as geography, time, presence, space, and a small target audience. The rggi program has now been in operation for nearly three years. This report develops recommendations on the most appropriate design for auctions of regional greenhouse gas initiative rggi co2 allowances. All states participate in these auctions based on their individual program regulations. New york the nine northeastern and midatlantic states participating in the regional greenhouse gas initiative rggi, the nations first marketbased regulatory program to reduce greenhouse gas pollution, today announced the results of their 24 th auction of carbon dioxide co 2 allowances. We apply insights from auction design theory to analyze the performance of the regional greenhouse gas initiative rggi emissions allowance auctions, and show how rggi could serve as a model for.
One auction software platform means that you get one url for your auctions, one platform to learn, use, and get to know. Auction design for selling co 2 emission allowances under the regional greenhouse gas initiative environmental monitoring, evaluation, and protection in new york. In this day an age it is imperative that your auction software is mobile responsive. Existing analyses ofrggis origins credit entrepreneurial statelevel bureaucrats with converting a promising theory. New data from analysis group show limiting carbon emissions. Auction software integrates with other systems within your organization, whether it be fundraising software to see how much an auction contributed towards your goals or accounting software to easily capture event expenses in your general ledger benefits of auction software.
746 1460 947 1049 591 572 912 1434 577 404 1228 583 232 912 433 804 900 24 1406 1491 21 914 1388 1533 637 394 54 1480 718 1141 501 1470 135 236