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Tag: Regional Greenhouse Gas Initiative

Dec 17, 2020

Ten Northeastern States to Divide $120,300,000 in Proceeds from Cap and Trade Program

Renewable energy

The Regional Greenhouse Gas Initiative (“RGGI”), a multistate Cap and Trade Program, sold carbon allowances for $7.41 in the final quarter of 2020 – recognizing revenue of $120,300,000 which can be used to reinvest in energy efficiency and renewable programs in the 10 participating northeastern states.  Participating states have benefited from RGGI’s bipartisan, market-based approach to climate change, while consumers across participating states have benefited from local investments in clean energy and efficiency.  Prices for carbon allowances are expected to grow as more states petition to join RGGI, and as more states attempt to “decarbonize” their energy production. For more… Read more

Sep 15, 2014

EPA Emissions Cap Raises Questions About the Expansion of RGGI Participant States

The EPA’s proposal to regulate power plants through carbon emission caps has caused speculation that more states will join the Regional Greenhouse Gas Initiative (RGGI) as a means of complying with the new regulations. The RGGI uses a cap-and-trade program to regulate carbon emissions in its member states. Several factors make the RGGI an attractive solution to some states. Joining the RGGI would allow states to plug into an existing compliance system rather than creating one from scratch. It would also give states an additional two years to comply with the proposed EPA rule, and the program has the potential… Read more