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RGGI Form MV-1 1B - Coversheet Regional Greenhouse Gas Initiative Eligible Offset Form - dec ny

RGGI Form MV-1 1B - Coversheet Regional Greenhouse Gas Initiative Eligible Offset Form - dec ny 2025

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The document outlines the requirements for submitting an Offset Project, including necessary forms and information related to greenhouse gas emissions reduction, specifically focusing on SF6. It includes a coversheet (Form MV-1.1B) and lists additional required forms for project sponsors to complete.

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Is New York part of RGGI?

In Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, Vermont and Virginia, RGGI is promoting a clean-energy future with lower greenhouse gas emissions from electric power generation and savings for electricity customers.

How does the greenhouse effect work step by step?

Increased greenhouse effect Step 1: Solar radiation reaches the Earths atmosphere - and some of this is reflected back into space. Step 2: The rest of the suns energy is absorbed by the land and the oceans, heating the Earth. Step 3: Heat radiates from Earth towards space.

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.

How does RGGI define an allowance?

A RGGI CO2 offset allowance represents a project-based greenhouse gas emission reduction outside of the capped electric power generation sector.

How does RGGI work?

How Does 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.

How successful is RGGI?

RGGI has been successful in reducing emissions and boosting investments in clean energy. The 11 states participating in RGGI have seen their fossil fuel emissions drop 90 percent faster than anywhere else in the country.

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.

Who does RGGI apply to?

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 MV-1 1B - Coversheet Regional Greenhouse Gas Initiative Eligible Offset Form - dec ny 2025

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