RGGI Form CA-1 4B - Project Sponsor Agreement Regional Greenhouse Gas Initiative Eligible Offset For 2025

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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).
The economic recession that gripped the region, country, and most of the world after 2008 may have played a role in driving down electricity generation. Reduced economic activity leads to a decline in energy use, resulting in fewer emissions and decreased demand for carbon allowances.
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.
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.
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.
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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.
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.

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