RGGI Form MV-1 3B - Attestations Regional Greenhouse Gas Initiative Eligible Offset Form - dec ny 2025

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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.
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.
Programs funded with RGGI investments have benefited local businesses, low-income communities, industrial facilities, and households throughout the region.
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.
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.
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What impact has the Regional Greenhouse Gas Initiative had? RGGI has been successful in reducing emissions and boosting investments in clean energy. The 11 states participating in RGGI have seen their fossil fuel emissions drop 90 percent faster than anywhere else in the country.
A RGGI CO2 offset allowance represents a project-based greenhouse gas emission reduction outside of the capped electric power generation sector.