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RGGI Form MV-1 3C - Attestations - dec ny

RGGI Form MV-1 3C - Attestations - dec ny 2025

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The document is an attestation form (Form MV-1.3C) for offset projects, where the Project Sponsor certifies compliance with CO2 Budget Trading Program requirements and confirms the accuracy of submitted information under legal penalty. It includes a signature section for the Project Sponsor and is specifically related to afforestation projects.

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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.

How big is the RGGI market?

The total volume of RGGI futures trading was 208 million allowances in the fourth quarter of 2023, 136 percent higher than the third quarter of 2023 trading volume, and 12 percent higher than the fourth quarter 2022 trading volume.

Is RGGI a carbon market?

RGGI is the first market-based, cap-and-invest regional initiative in the United States. Within the RGGI states, fossil-fuel-fired electric power generators with a capacity of 25 megawatts1 or greater (regulated sources) are required to hold allowances equal to their CO2 emissions over a three-year control period.

What are the types of carbon markets?

There are two types of carbon markets: Compliance and voluntary.

What is the biggest carbon market?

From publications to policy: China launches worlds largest carbon market. Released in June 2021, the UNESCO Science Report finds that China more than doubled its academic output on carbon pricing between 20122015 and 20162019. In July 2021, China introduced the worlds largest national emissions trading scheme.

Is New York in RGGI?

RGGI is a cooperative effort among the states of Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont to cap and reduce CO2 emissions from the power sector.

RGGI Form MV-1 3C - Attestations - dec ny 2025

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