Regional Greenhouse Gas Initiative Releases Final Model Rule
On August 15, 2006, the seven Northeastern and Mid-Atlantic states participating in the Regional Greenhouse Gas Initiative (RGGI) released the final model rule for the program. RGGI is a mandatory cap-and-trade program designed to reduce CO2 emissions from power plants. The model rule provides a set of regulations for the structure and function of RGGI. Each state that intends to participate in RGGI must adopt this rule through legislation or regulation. The final model rule incorporates public comments received on earlier drafts from formal stakeholders and interested parties. The participating states also agreed to amend their December 2005 Memorandum of Understanding, simplifying the safety valve and offset provisions of the program. Currently, Connecticut, Delaware, Maine, New Hampshire, New Jersey, New York, and Vermont have signed the memorandum of understanding, and Maryland has committed to joining the initiative by 2007.
RGGI Q & A
More Information on RGGI
List of Emissions Reduction Targets Worldwide
Map of Regional Initiatives