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RGGI Form CA-3 1E - Independent Verifier Certification Statement and Report Regional Greenhouse Gas

RGGI Form CA-3 1E - Independent Verifier Certification Statement and Report Regional Greenhouse Gas 2025

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The document is a certification statement and report (Form CA-3.1E) for an offset project, requiring an accredited independent verifier to review and certify the project's consistency application. It outlines the necessary evaluations regarding eligibility requirements, baseline emissions, and monitoring plans as per specific regulatory standards. The verifier must sign the form and attach a detailed report documenting their findings.

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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 RGGI carbon?

The Regional Greenhouse Gas Initiative (RGGI) is a cooperative effort among eleven Eastern states to reduce carbon dioxide (CO2) emissions from power plants within each participating state.

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.

Has the RGGI been successful?

RGGI has been successful in reducing emissions and boosting investments in clean energy.

How much is the RGGI CCR?

The CCR is a fixed additional supply of allowances that are made available for sale if an auctions interim clearing price exceeds a certain price level ($15.92 in 2024). During the 63rd RGGI auction, the full complement of 8.42 million 2024 CCR allowances was released.

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 CA-3 1E - Independent Verifier Certification Statement and Report Regional Greenhouse Gas 2025

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