How many tons of CO2 are permitted in the RGGI market?
The initial cap is set at 188,076,976 tons of CO2 per year, for the years 2009-2014. This cap level is equal to 4% above the annual average regional emissions during the period 2000-2004. In the second phase of RGGI, years 2015-2018, the cap will decline by 2.5% per year. This will result in a 2018 annual emissions budget that is 10% smaller than the initial 2009 annual emissions budget, and 6.5% smaller than the 2004 annual emissions budget.
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- How many tons of CO2 are permitted in the RGGI market?
