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Regional Greenhouse Gas Initiative

RGGI is a market-based cap and trade program designed to reduce carbon dioxide emissions from electric power plants in the Northeastern and Mid-Atlantic states.

Background

ENE has been a stakeholder in the Northeast governors’ negotiations concerning RGGI since they began in 2001. ENE took a leadership role among the 24 energy, business and environmental stakeholders...
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Regional Greenhouse Gas Initiative

It is the first regional agreement to cap greenhouse gases in the United States, and has the potential for significant impact. The Northeast (10 RGGI states) is the 7th largest global warming polluter in the world. RGGI is designed to drive technological innovation and spur investment in lower emissions fossil fuel technologies and renewable energy sources.

 

The participating states— Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont—signed a Memorandum of Understanding, and later developed a Model Rule, which they are using as a foundation for proceeding with their individual rulemakings or legislation. Each state has until December 31, 2008 to write its implementing regulations or laws.

For more information on RGGI, see ENE’s Background Summary and Summary of the Model Rule & Memorandum of Understanding.

 

Photo credit: Regional Greenhouse Gas Initiative