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RGGI Form CA-1 3C - Attestations Regional Greenhouse Gas Initiative Eligible Offset Form - dec ny

RGGI Form CA-1 3C - Attestations Regional Greenhouse Gas Initiative Eligible Offset Form - dec ny 2025

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The document is a Consistency Application Form CA-1.3C for offset projects, where the Project Sponsor certifies various statements regarding the project's compliance with legal and regulatory requirements. It confirms that the project is not mandated by any laws, has not received credits from other greenhouse gas programs, and has not been funded by specific incentive programs. The sponsor also asserts that no similar applications have been filed in other states and that all related projects comply with CO2 Budget Trading Program requirements. The form requires the sponsor's signature and includes a warning about penalties for false information.

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Is RGGI a cap and trade?

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 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 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.

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.

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.

Who benefits from RGGI?

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

RGGI Form CA-1 3C - Attestations Regional Greenhouse Gas Initiative Eligible Offset Form - dec ny 2025

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