RGGI

Virginia set to join RGGI — A massive step forward for cap-and-invest

In a landmark decision last week, Virginia passed the Clean Economy Act in both the House and Senate. The legislation sets the state to join the Regional Greenhouse Gas Initiative (RGGI), a regional cap-and-invest program for the electric sector in...

Cap-and-Trade ambition renewed in 2019 after a decade of decline

With COP25 currently underway, market-based approaches to emissions reductions have been a major topic of negotiations among almost 200 countries, as they work to finalize rules under Article 6 of the Paris Agreement. On November 4th, the United States formally...

Pennsylvania is joining RGGI — and that’s big news

Yesterday, Pennsylvania Governor Tom Wolf signed an executive order directing the Department of Environmental Protection to join the Regional Greenhouse Gas Initiative (RGGI). The state’s entry into RGGI marks the program’s largest expansion since its inception more than a decade...

Regional Cap and Trade: Lessons from the Regional Greenhouse Gas Initiative and Western Climate Initiative

TWO LARGE CAP-AND-TRADE SYSTEMS for carbon dioxide emissions (CO2) exist in the U.S. — the Regional Greenhouse Gas Initiative (RGGI) that currently covers ten Northeast and Mid-Atlantic states; and the Western Climate Initiative (WCI), which now includes California and the...