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RGGI Form CA-1 1C - Coversheet Regional Greenhouse Gas Initiative Eligible Offset Form - dec ny

RGGI Form CA-1 1C - Coversheet Regional Greenhouse Gas Initiative Eligible Offset Form - dec ny 2025

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The document outlines the requirements for submitting a Consistency Application for Offset Projects, specifically focusing on afforestation. It includes a coversheet and lists various forms that must be completed and submitted by the project sponsor, such as general information, attestations, project descriptions, and verification plans.

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Is RGGI a carbon market?

RGGI is the first mandatory market-based emissions trading program in the U.S. to reduce CO2 emissions, and the first anywhere to use the cap-and-invest model for reducing pollution. In New York State, RGGI is implemented by DEC through 6 NYCRR Part 242, CO2 Budget Trading Program .

What is the regional greenhouse gas initiative RGGI model rule?

RGGI is a cooperative effort between participating states. Each state establishes an individual CO budget trading program based on the RGGI Model Rule. Covered sources in each participating state can surrender allowances issued by any participating state for compliance and participating states use joint auctions.

What does RGGI cover?

The Regional Greenhouse Gas Initiative (RGGI) is a regional emissions reduction initiative aimed at reducing CO2 emissions, which contribute to climate change, from power plants in the region. The region includes 11 states in the northeast that all agree to participate in reducing CO2 emissions through the initiative.

How does the Regional Greenhouse Gas Initiative work?

By requiring utilities to pay for their carbon dioxide from burning polluting fossil fuels, RGGI creates a financial incentive for utilities to invest in clean energy, including energy efficiency, solar and wind, and generates real money for states to tackle the impacts of climate change being felt at home.

Who benefits from RGGI?

Programs funded with RGGI investments have benefited local businesses, low-income communities, industrial facilities, and households throughout the region.

How does the RGGI work?

RGGI is a market-based cap-and-invest initiative. Within the RGGI states, regulated power plants must acquire one RGGI CO2 allowance for every short ton of CO2 they emit. The RGGI states distribute allowances at quarterly auctions, where they can be purchased by power plants and other entities.

Who participates in RGGI?

The Regional Greenhouse Gas Initiative (RGGI) is a cooperative effort among the states of Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont to cap and reduce power sector CO2 emissions.

RGGI Form CA-1 1C - Coversheet Regional Greenhouse Gas Initiative Eligible Offset Form - dec ny 2025

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