Northeastern Regional Greenhouse Gas Initiative

The Northeastern Regional Greenhouse Gas Initiative (RGGI) is a cooperative effort among northeastern U.S. states to reduce carbon dioxide emissions from power plants. It operates as a cap-and-trade program, setting a limit on total emissions and issuing permits (or allowances) to power companies. Companies can buy and sell these allowances, encouraging them to reduce emissions efficiently. Revenue generated from allowances supports clean energy projects and energy efficiency programs. RGGI aims to lower greenhouse gases, combat climate change, and promote cleaner energy in the region, benefiting public health and the environment.