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Regional Greenhouse Gas Initiative
REGIONAL GREENHOUSE GAS INITIATIVE**AUCTION QUESTIONS AND ANSWERS NOW AVAILABLE**
What is RGGI? The Regional Greenhouse Gas Initiative, or RGGI (pronounced “Reggie”), is a cooperative effort by ten Northeastern and Mid-Atlantic states to reduce regional carbon dioxide (CO 2 ) emissions that are contributing to global climate change. CO 2 is a “greenhouse gas” (GHG) because it contributes to the sun's warming of the earth's surface. Human activity has increased the concentration of CO 2 in the atmosphere which is contributing to increases globally in average air and ocean temperatures, the melting of polar snow and ice, and a rising global average sea level. RGGI has established a goal of reducing carbon emissions from large fossil fuel-fired power plants in the RGGI region (the “RGGI power plants”) by 10% by the year 2018. These power plants comprise about 7 percent of the power sector emissions in the entire country. RGGI is the first regulation of global warming emissions in the United States . It is a flexible, market-based cap-and-trade program to achieve real greenhouse gas emission reductions at the lowest possible cost. Regional Greenhouse Gas Initiative (RGGI) - DEP Issue Profile - pdf format. Regional Greenhouse Gas Initiative Profile of Maine's Experience Presentation (pdf format) February 18, 2009 given by James P. Brooks in New Brunswick Canada Where can I find Auction Application Materials and Information? Chapter 156 (CO2 Budget Trading Program) Application Materials Upcoming Auctions http://www.rggi.org/trading_auctions.htm Chapter 156 (CO2 Budget Trading Program) Application Materials
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