RGGI Auction Proceeds & Investments

Summary of amount of money raised through the RGGI Auctions as part of the multi-state Trading Program.

Massachusetts is one of the lead states participating in the Regional Greenhouse Gas Initiative (RGGI), the nation's first market-based, regulatory program to cap and reduce greenhouse gas emissions from large fossil-fueled power plants. 

Auction Proceeds

Based on the Green Communities Act of 2008, the Department of Energy Resources (DOER) has directed the vast majority of the Commonwealth’s RGGI proceeds into the state’s nation-leading energy efficiency programs delivered statewide by the state’s utilities and energy efficiency service providers through Mass Save®, and the Green Communities Designation and Grant Program for cities and towns. These programs and initiatives are fueling a cleaner energy future for the Commonwealth.

Massachusetts has received $479,964,067.67 since 2008.

Massachusetts Most Recent Auction Proceeds - RGGI Auction

Clearing Price
Auction Proceeds
Auction #
March 2018
Auction 39
December 2017
Auction 38
September 2017
Auction 37
June 2017
Auction 36
March 2017
Auction 35
December 2016
Auction 34
September 2016
Auction 33
*2014 Program changes included the creation of Cost Containment Reserve (CCR) of allowances that are only available for sale if CO2 allowance prices exceed certain price thresholds: $4 in 2014, $6 in 2015, $8 in 2016, and $10 in 2017, rising 2.5% each year thereafter. 

Additional Resources for Auction Proceeds

RGGI Investments

RGGI Proceeds Investments by Sector

Note: Mass did contribute to RGGI, Inc. operating budget in 2015, but the contribution came at the end of 2014 calendar year and was recorded in 2014

From 2008- March 2018 Mass has taken in over $470 million from the RGGI Auctions. Through 2015, Massachusetts had dispersed $372.9 million into energy programs designed to lower Green House Gas emissions.  An additional $17.8 million was carried over into 2016.  For more information on Mass and other participants investments of RGGI benefits, see RGGI, Inc.’s October 2017 Report “The Investment of RGGI Proceeds in 2015."

Additional Resources for RGGI Investments


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