1.0Sightline Institutehttps://www.sightline.orgEric de Placehttps://www.sightline.org/profile/eric-de-place/rich600338<blockquote class="wp-embedded-content" data-secret="jYHX32M8Io"><a href="https://www.sightline.org/2008/07/16/a-new-england-auction/">A New England Auction</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.sightline.org/2008/07/16/a-new-england-auction/embed/#?secret=jYHX32M8Io" width="600" height="338" title="“A New England Auction” — Sightline Institute" data-secret="jYHX32M8Io" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /* <![CDATA[ */ /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); /* ]]> */ </script> Next week, the Western Climate Initiative will release a proposal outlining the program’s cap and trade design.* In the proposal, we should expect to learn what share of carbon permits will be auctioned (and will therefore generate public revenue), and what share will be given away for free to emitters. Auctioning is important—extremely important—because, among other virtues, it is […]http://www.sightline.org/wp-content/images/legacy/rggi-1ca30b8a5e4dec1daa7a4d49e5c01723-thumb.gif