Nine Northeastern and Mid-Atlantic American States of the Regional Greenhouse Gas Initiative (RGGI) will expand their existing cap-and-trade program designed to reduce carbon output associated with power plants. These nine States now aim at cutting emissions from the electricity sector by an additional 30% between 2021 and 2030. As a result, the 2030 proposed cap on power-sector emissions is now more than 65% lower than RGGI’s 2009 starting cap.
These new additional greenhouse gas (GHG) emissions reductions are meant to help these states meet the goals of the US Climate Alliance and include in particular the addition of an Emissions Containment Reserve (ECR) wherein member states can withhold allowances from auction if emission reduction costs are lower than projected.
The nine RGGI states are namely: Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont.
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