|
Regional Greenhouse Gas Initiative (RGGI)
The Regional Greenhouse Gas Initiative, or RGGI, is an agreement among ten
Northeastern and Mid-Atlantic States (Connecticut, Delaware, Maine, Maryland,
Massachusetts, New Jersey, New Hampshire, New York, Rhode Island and Vermont) to reduce greenhouse gas emissions from power plants. The RGGI states (“Participating States”) have committed to cap and then reduce the amount of carbon dioxide that certain power plants are allowed to emit, limiting the region’s total contribution to atmospheric greenhouse gas levels. The Participating States have agreed to implement RGGI through a regional cap-and-trade program using uniform quarterly auctions to sell nearly the entire annual regional emissions budget of approximately 188 million allowances per year.
NYSERDA’s Role in RGGI
Rules and regulations under development by the NYS Department of Environmental Conservation (DEC) and NYSERDA, call for NYSERDA to administer or participate in periodic auctions to sell approximately 62 million allowances per year, nearly 100% of New York’s annual emissions budget. Pursuant to these regulations, the proceeds will be used by NYSERDA to administer energy efficiency, renewable energy, and/or innovative carbon abatement programs and to cover the costs to administer such programs.
Useful Links and Documents
For more information
For more information please email: rggi@nyserda.org
|
|
 |
|
|
|
