In 2011 the EPA responded with the Cross State Air Pollution rule
, which again allowed the trading of emission reduction quotas, but with constraints so that all upwind states would have to reduce emissions rather than simply buy emission rights sufficient to allow their emissions.
But delaying the Cross State Air Pollution Rule
, also known as the "transport" rule, is "what the opponents of the rule are after here," said David Spence, a professor of business and law at the University of Texas at Austin.
Bush administration, will remain in effect while EPA fixes its Cross State Air Pollution Rule
states to avoid direct compliance, since they are already required to cut emissions through the Cross State Air Pollution Rule
The auction was managed by CRA International, and involved emission allowances from the United States Environmental Protection Agency's recently enacted Cross State Air Pollution Rule
"The cross state air pollution rule
is final," Betsaida Alcantara, press secretary for the Environmental Protection Agency, which crafted the rule, said in an email.
In a statement Thursday afternoon, the Environmental Protection Agency said: "We look forward to meeting with ERCOT to discuss and review their analysis of the cross state air pollution rule
. This dialogue will be important to reach a common understanding of the rule and its impacts."