The target buyers were, of course, power producers. But according to the RGGI, the financial and environmental sector also took part in the auction. The initiative has put a cap on emissions per year at 188 million tons, which is actually more than the recorded emissions for last year, so the pressure on emitters isn't very high. The goal is to lower the cap by 10 percent in increments from 2015 to 2018, to a point where the initiative will actually be reducing emissions, instead of just taxing them. The pace will hopefully be slow enough that the energy sector can adapt to the new restrictions without sharply increasing energy prices for consumers.