Delaware Enacts Legislation on the Regional Greenhouse Gas Initiative

On June 30, 2008, Delware’s Governor Ruth Ann Minner signed into law SB 263, authorizing the state to participate in the Regional Greenhouse Gas Initiative (RGGI).  RGGI is a cap-and-trade system being developed by nine other mid-Atlantic and northeastern states. The legislation authorizes the adoption of regulations by the Delaware Department of Natural Resources and Environmental Control for full participation in RGGI when it begins January 1, 2009. In addition, SB 263 outlines how revenue collected from allowance auctions should be distributed, with 65 percent going to the Sustainable Energy Utility, 15 percent to Weatherization Assistance and Low Income Heating Assistance programs, 10 percent to greenhouse gas reduction projects selected through a competitive grant process, and up to 10 percent for administration of climate change programs.

Press Release
SB 263