The phrase "auctioning of allowances" is correct and usable in written English.
It can be used in contexts related to environmental policy, finance, or resource management, particularly when discussing the sale of permits or credits.
Example: "The government is considering the auctioning of allowances to reduce carbon emissions and promote sustainable practices."
Alternatives: "selling of permits" or "bidding for allowances".
It is entirely possible that Rogers is right, and that the auctioning of allowances will lead to economic shocks.
The California Chamber of Commerce responded warily to the proposal, saying in a letter to Mary Nichols, chairwoman of the resources board, that "auctioning of allowances must be kept at de minimus levels" to avoid higher costs to businesses, and in turn, consumers.
This provision determines the amount of revenues generated from the auctioning of allowances per Member State.
Only a few EU Member States will generate considerably high amounts of revenues from the auctioning of allowances: United Kingdom, Germany, France, The Netherlands, Spain and Italy.
Due to different possible interpretations of the rules concerning the auctioning of allowances, some EU States may profit more than others.
Considering the estimated range for the future price of allowances (25 €–40 €), governments of the EU Member States will receive between 660 million and 1050 million € as a revenue from the auctioning of allowances.
Auctions of allowances pay for energy efficiency programs that curb power plant emissions, bring down energy prices and save consumers money.
Over the first three years of the Regional Greenhouse Gas Initiative, average annual emissions were indeed 23 percent less than in the previous three years, and auctions of allowances — or permits to pollute — raised $952 million, much of which has been invested in clean energy programs.
In fact, Stanford's Larry Goulder has estimated that the tax-and-dividend approach would cost 40% more than an approach of combining an auction of allowances with ideal income tax rate cuts.
Rather, as a revenue-raising mechanism — like the Obama administration's February 2009 budget for a 100%-auction of allowances in a cap-and-trade scheme — it would be a new tax, pure and simple.
Governor Schwarzenegger has convened an Economic and Allocations Advisory Committee to consider "returning the value of allowances back to the people, including through an auction of allowances and distribution of auction proceeds in the form of a rebate or dividend, in order to minimize the cost to California consumers and maximize the benefits to the state's economy".
