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RGGI Form CA-1 3A - Attestations - dec ny

RGGI Form CA-1 3A - Attestations - dec ny 2025

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The document is a Consistency Application Form CA-1.3A for an offset project, which includes attestations by the project sponsor certifying that the project complies with various legal and regulatory requirements. It confirms that the project is not mandated by law, has not received credits from other greenhouse gas programs, and has not been funded by specific incentive programs. The form also requires the sponsor to affirm their authority to submit the application and the accuracy of the information provided.

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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 .

How much is the RGGI CCR?

Cost Containment Reserve The CCR trigger price is $17.03 in 2025 and will increase by 7% per year thereafter. The size of the CCR is 10% of the regional cap each year.

How much money has RGGI raised?

The strong success of this auction speaks volumes$388 million raised brings RGGIs cumulative total to a staggering $7.5 billion, stated Paola Tamayo, Policy Analyst at Acadia Center and co-author of the organizations RGGI Third Program Review Report.

Is RGGI a cap-and-trade program?

The Regional Greenhouse Gas Initiative (RGGI) is the first mandatory cap-and-trade program in the United States to limit carbon dioxide from the power sector.

How effective is the RGGI?

What impact has the Regional Greenhouse Gas Initiative had? 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 minimum reserve price for RGGI?

The RGGI auction mechanisms are designed to provide some measure of stability to the market. The Minimum Reserve Price is the minimum price that allowances can be sold for at a RGGI auction. In 2021, the reserve price is $2.38 per allowance.

RGGI Form CA-1 3A - Attestations - dec ny 2025

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