RGGI Form CA-1 5A - Disclosure of Greenhouse Gas Emissions - dec ny 2025

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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.
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.
RGGI CO2 budget sources are required to possess CO2 allowances equal to their CO2 emissions over a three-year control period. Sources must also hold allowances equal to 50 percent of their emissions during each interim control period (the first two calendar years of each three-year control period).
Greenhouse Gas Protocol provides the worlds most widely used greenhouse gas accounting standards for companies. Greenhouse Gas Protocol provides standards and tools that help countries and cities track progress toward climate goals. In 2023, 97% of disclosing SP 500 companies reported to CDP using GHG Protocol.
SB 253 requires U.S. based companies that do business in California and have annual revenues of more than $1 billion to publicly disclose their annual GHG emissions (Scopes 1, 2, and 3) to the State and pay an annual fee starting in 2026 for Scopes 1 and 2 emissions and 2027 for Scope 3 emissions.
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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 .
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.

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