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What are offset allowances?

April 26, 2017allowances offset

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What are offset allowances?

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Offsets allowances are CO 2 emission reductions that take place outside the RGGI Regulated Power Plants. RGGI currently allows for five types of offset projects. The list of offset categories is expected to expand over time as other offset opportunities are identified. The RGGI workgroup has already identified potential new opportunities for the forest products industry and DEP will be seeking suggestions for more, new offset project categories that could be included in the rule in the future. Currently, the offset categories are: • End-use energy efficiency improvements; • Converting non-forested land to forested land; • Landfill gas capture; • Agricultural methane capture; and • Reducing sulfur hexafluoride (SF 6 ) from electric transmission and distribution (T&D).