Bill > H4920

This bill proposes amendments to the DOER CO2 Budget Trading Program Auction Regulation (RGGI Auction Regulations) in Massachusetts. The key provisions include: 1. Establishing rules for the conduct of auctions of CO2 allowances, including the auction format, the number and allocation years of allowances to be auctioned, the reserve price, the cost containment reserve, and the emissions containment reserve. 2. Defining the categories of bidders eligible to participate in the auctions, with owners of CO2 budget units located in Massachusetts being eligible to participate in all auctions. 3. Outlining the requirements for bidder qualification and financial surety, and the process for submitting bids. 4. Requiring DOER to submit annual reports to the Department of Environmental Protection, documenting the voluntary renewable energy certificate purchases in Massachusetts and the number of CO2 allowances withheld from the auction due to the emissions containment reserve. The amendments are intended to ensure a transparent, fair, and competitive auction process for CO2 allowances, while also providing mechanisms to stabilize and reduce greenhouse gas emissions in an economically efficient manner.

Transportation and Infrastructure

https://malegislature.gov/Bills/190/H4920