What is the Regional Greenhouse Gas Initiative?
The Regional Greenhouse Gas Initiative (RGGI) is a response to the challenges posed by global climate change. RGGI is a carbon dioxide (CO 2 ) cap-andtrade program that offers a flexible market-based approach to achieving real greenhouse gas (GHG) emissions reductions at the lowest possible cost. It involves seven states at the moment, all of which have agreed to implement a regional program that will reduce carbon dioxide emissions from fossil fuel-fired power plants in the Northeast. These plants are referred to as RGGI Regulated Power Plants. In addition, it will provide for other sectors, such as agriculture, forestry, waste management, manufacturing, commercial and construction, to benefit from the program.
