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RGGI Fine-Tunes Cap-and-Trade Program (Ind. Report)
RGGI
Date: 2019-10-16
The Regional Greenhouse Gas Initiative (RGGI), the oldest U.S. cap-and-trade program for CO2 emissions, reports it plans to add new member states and to reduce the program's CO2 limit by 30 pct between 2021 and 2030, building on the 47 pct reduction achieved for their power plants since 2008.

From 2021-2030, the RGGI states have agreed to reduce the program's CO2 limit by 30 percent, building on the 47 percent CO2 reduction the states have already achieved for their power plants since 2008. The states have also agreed to add a new mechanism, called an emissions containment reserve, to the market in 2021. The reserve is meant to speed CO2 reductions by removing allowances from RGGI's quarterly auctions if the clearing price falls below a predetermined threshold, which will start at US$6/st in 2021.

Recently, many of the RGGI states have committed or recommitted to ambitious policies to address climate change, such as reducing economy-wide greenhouse gas emissions by 80 percent by 2050. Many of the same northeastern U.S. states are considering creating a separate cap-and-trade program for the transportation sector, the largest source of CO2 in the states and across the country. That program could work in tandem with RGGI to help the states use markets to drive emissions lower.

RGGI member states include Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont. New Jersey will re-join next year while Virginia are expected to sign on in the near future.

Download the RGGI proceeds investment report HERE. (Source: RGGI, Refinitiv, Argus, 14 Oct., 2019) Contact: RGGI, www.rggi.org

More Low-Carbon Energy News RGGI,  Carbon Emissions,   Cap-and-Trade ,  


Pennsylvania Joining RGGI Cap-and-Trade Program (Ind. Report)
RGGI
Date: 2019-10-04
In Harisburg, Pennsylvania Gov. Tom Wolf (D) reports he is beginning the process to enter the commonwealth into the Regional Greenhouse Gas Initiative (RGGI), the "first mandatory market-based program in the United States to reduce greenhouse gas emissions."

The move is in keeping with the Governor's goal of reduce greenhouse gas emissions by 26 pct by 2025. The state Department of Environmental Protection will be tasked with drafting the proposed regulation.

The RGGI state include Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont. Four of those states are led by Republican governors. Pennsylvania reportedly emits nearly as much carbon as the nine RGGI states combined. (Source: Pennsylvania Capital Star, 3 Oct., 2019) Contact: RGGI, www.rggi.org

More Low-Carbon Energy News RGGI,  GHG,  Greenhouse Gas,  Carbon Emissions,  


Global Carbon Credits Index Launched in UK (Int'l Report)
IHS Markit, Climate Finance Partners
Date: 2019-09-27
London, UK-headquartered information and analytics provider IHS Markit reports the launch of its Global Carbon Index, the first benchmark for the global price of carbon credits.

The Index tracks the performance of the largest, most liquid and most accessible tradable carbon markets -- the European Union Emission Trading System (EU ETS), the California Cap-and-Trade Program, and the Regional Greenhouse Gas Initiative (RGGI). The index is calculated using OPIS data and carbon credit futures pricing in those markets.

The IHS Markit Global Carbon Index was developed in consultation with Climate Finance Partners, a specialist in climate finance. IHS Markit is also well known for its daily OPIS Carbon Market Report, national carbon policies database and for developing industry standard methodologies for greenhouse gas accounting and disclosures. Its research and expertise on carbon policy impact, low-carbon and cleantech technologies and carbon risk management guide companies in energy, petrochemical, automotive, shipping, agriculture and other sectors critical to the global economy. (Source: IHS Markit , 25 Sept., 2019) Contact: IHS Markit, www.ihsmarkit.com

More Low-Carbon Energy News RGGI,  EU ETS,  IHS Markit Carbon Market,  Carbon Credit,  


Maine Scores $2.5Mn in Latest RGGI Auction (Ind. Report)
RGGI
Date: 2019-09-16
In Augusta, the Maine Public Utilities Commission report Maine has received nearly $2.5 million in the latest Regional Greenhouse Gas Initiative (RGGI) auction of carbon dioxide emission allowances.

RGGI member states include Delaware, Connecticut, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont. Former New Jersey Gov. Chris Christie pulled the Garden State out of the group whicg caps carbon dioxide emissions from power plants to reduce air pollution. Companies then purchase allowances at auctions that allow them to emit a certain amount of CO2 gas from power plants generating over 25 megawatts of electricity.

RGGI generates revenue for all nine states, which had reduced CO2 emissions by over 50 pctsince 2007. Maine Public Utilities Commission Administrative Director says the latest auction reached the milestone of selling the one billionth emission allowance. Maine has received $108.6 million in revenue since 2007 that's financed rate relief, energy efficiency and renewable energy projects. (Source: Maine Public Utilities Commission, WABI Contact: Maine Public Utilities Commission, 207-287-3831, www.maine.gov › mpuc; RGGI, (212) 417-3179, www.rggi.org

More Low-Carbon Energy News RGGI,  Carbon Emissions,  


NJ Sets Rules for Rejoining RGGI GHG Initiative (Reg. & Leg.)
RGGI
Date: 2019-06-19
Following up on our 19 Dec., 2018 report, in the Garden State capital of Trenton, the New Jersey Department of Environmental Protection reports the adoption of rules for how the state will implement a cap-and-trade program to limit carbon dioxide emissions and for rejoining the Regional Greenhouse Gas Initiative (RGGI).

The first rule sets a CO2 cap for the state's electricity generating sector at 18 million tons for 2020. The state's cap on carbon emissions will decline by 30 pct through 2030. According to the DEP, electricity generation produced 20.7 million tons of greenhouse gases in 2016.

The second rule focuses on how the Department of Environmental Protection will spend proceeds from the sale of RGGI power plant carbon allowances on environmental justice projects. As of Jan., 2018, RGGI auctions raised $2.7 billion that is being used to fund clean-energy and energy efficiency programs.

New Jersey was a founding member of RGGI, but Republican Gov. and former presidential hopeful Chris Christie pulled the Garden State from the agreement in 2012 on the grounds that it had "no discernible or measurable impact upon our environment." RGGI member states include Delaware, Connecticut, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont. (Source: New Jersey Department of Environmental Protection, NJTV News, 17 June, 2019) Contact: New Jersey Department of Environmental Protection, www.nj.gov/dep; RGGI, www.rggi.org

More Low-Carbon Energy News Cap-and-Trade,  RGGI,  GHG,  Greenhouse Gas,  Carbon Emissions,  


Va. Board Votes to Limit CO2, Join RGGI (Reg. & Leg., Ind. Report)
RGGI, Virginia Department of Environmental Quality
Date: 2019-04-22
Following up on our 19 Dec., 2019 report, in Richmond, the Virginia Department of Environmental Quality's (DEQ) Air Pollution Control Board is reporting its approval of a plan to cut carbon emissions from power plants. The plan that would reduce GHG emissions in the Old Dominion State by 30 pct between 2020 and 2030.

The DEQ also approved the state's proposed joining of the Regional Greenhouse Gas Initiative (RGGI) aimed at cutting carbon emissions through a cap and trade program. New Jersy was a founding member of RGGI. Present membership includes Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont. (Source: Virginia Department of Environmental Quality, Chesapeake Climate Action Network, Action Fund, Blue Virginia, 19 April, 2019) Contact: Virginia Department of Environmental Quality Air Pollution Control Board,(804) 698-4000, www.deq.virginia.gov; RGGI, www.rggi.org

More Low-Carbon Energy News RGGI,  CO2 Emissions,  


NYSERDA Unveils Energy Storage Proposals Incentives (Ind. Report)
NYSERDA
Date: 2019-03-15
On Monday, the New York State Energy and Research Development Authority (NYSERDA) filed an energy storage implementation plan outlining initiatives that should help the state achieve about two-thirds of its previously announced goal of having 1,500 MW of energy storage by 2025 rising to 3,000 MW of energy storage by the end of next decade.

The NYSERDA implementation plan includes a retail storage incentive targeting projects of up to 5 MW that are either interconnected behind a customer's electric meter or directly into the distribution system. The plan also includes a bulk storage incentive that backs projects exceeding 5 MW and are interconnected directly into the transmission, sub-transmission or distribution systems.

The primary purpose of such projects is to provide wholesale market energy, ancillary services and/or capacity services. The state will allocate $150 million for this incentive. NYSERDA is seeking regulatory approval to set aside $70 million for opportunities that have the greatest potential to build a self-sustaining storage market. At the same time, NYSERDA's board of directors has approved an additional $53 million in Regional Greenhouse Gas Initiative (RGGI) funds for retail and bulk storage deployment incentives on Long Island.beginning in Q2, 2019. (Source: NYSERDA, Renewables, 13 Mar., 2019) Contact: NYSERDA, Alicia Barton, Pres., CEO, (518) 862-1090, www.nyserda.ny.gov

More Low-Carbon Energy News Energy Storage,  NYSERDA,  


New Jersey Planning to Rejoin RGGI Pact (Ind. Report)
RGGI
Date: 2018-12-19
In Trenton, New Jersey governor Phil Murphy (D) reports the Garden State's Department of Environmental Protection has formally proposed two rules intended to ease New Jersey's re-entry into the Regional Greenhouse Gas Initiative (RGGI). In 2011, former Republican governor and presidential wannabe Chris Christie pulled the state out of the pact at an estimated loss of $154 million in potential revenue.

REGGI members New England states working to reduce carbon-dioxide gas emissions from the energy sector through a cap-and-trade auction process that encourages more market efficiencies, invests in renewable energy, and improves power-plant technology. New Jersy was a founding member of RGGI. Present membership includes Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont. Virginia is planning to join RGGI.

The first of the two proposed rules establishes the mechanisms for rejoining RGGI and sets the initial carbon-dioxide cap for the state's electricity generation sector at 18 million tons in 2020. The 18-million-ton CO2 cap in the Emissions Trading Rule proposal is below the estimated actual emissions of 20.6 million tons in 2020. The cap will decline 3 pct per year through 2030 with other adjustments that are standard to all member states.

The second rule establishes the framework for how the state will spend proceeds from RGGI carbon-dioxide allowance auctions.

Access the rule proposals HERE. Information on New Jersey's re-entry to RGGI is HERE. (Source: State of New Jersey, Office of Gov. Phil Murphy, PR, 17 Dec., 2018) Contact: Office of the Governor, (609) 292-6000, https://nj.gov/governor; RGGI, www.rggi.org

More Low-Carbon Energy News RGGI,  New Jersey RGGI,  


Pa. Petition Offers Pathway to RGGI Carbon Cap-and-Trade Participation (Ind. Report)
RGGI
Date: 2018-12-19
In the Keystone State, a recent petition signed by 60 or more legal scholars, environmental organizations, clean energy players and others could give the state an opening to join the Regional Greenhouse Gas Initiative (RGGI)-- a cap-and-trade effort among nine northeastern states to lower carbon emissions and drive clean energy investments.

The petitioners argue Pennsylvania regulators have the legal authority and constitutional duty to address climate change and ask them to create an economy-wide cap-and-trade program, using California as a model. The move triggers a legal process to which the state is required respond.

Petitioners claim the state's Air Pollution Control Act allows for such an action, and the state's Environmental Rights Amendment requires it. The petition is now being reviewed by the Pennsylvania Department of Environmental Protection, and will then go before the state's Environmental Quality Board, which can decide whether to move forward with it or not.

A report published by RGGI last year said participating states were able to cut power sector carbon pollution over 45 percent since 2005, while the region’s economy grew. The Investment of RGGI Proceeds in 2017 report is HERE. (Source: RGGI, Energy News, Dec., 2018) Contact: RGGI, www.rggi.org

More Low-Carbon Energy News Carbon Emissions,  Climate Change,  RGGI,  


NJ Climate Initiative calls for Lower Transportation Carbon Emissions (Ind. Report)
New Jersey Climate Adaptation Alliance
Date: 2018-08-06
On July 24th, RPA and the New Jersey Climate Adaptation Alliance -- facilitated by the Rutgers Climate Institute and the Rutgers Bloustein School) -- hosted more than 150 New Jersey region business, civic, community and governmental leaders focused on strategies for reducing carbon emissions from the transportation sector.

Transportation accounts for around half of all carbon emissions in New York, New Jersey and Connecticut, yet these emissions are not regulated like those from our power plants, which are managed as part of RGGI. The meeting called for the regulation of greenhouse gases from all economic sectors, including transportation.

Ideas the emerged from the meeting included: a "cap-and-invest" approach that puts a price on transportation emissions and invests revenue back into communities and transportation infrastructure; congestion pricing for zones for different classes of vehicles; and greening school bus fleets, among others, all of which will be reported to the relevant government agencies and executives for consideration. (Source: Regional Plan Association, New Jersey Climate Adaptation Alliance, 3 Aug., 2018) Contact: RPA, Robert Freudenberg, Energy & Environmental Program Mgr, (212) 253-2727, http://lab.rpa.org; New Jersey Climate Adaptation Alliance, http://njadapt.rutgers.edu; New Jersey Climate Adaptation Alliance, njadapt.rutgers.edu

More Low-Carbon Energy News New Jersey Climate Adaptation Alliance,  


Delaware Dismisses RGGI Participation Lawsuit (Reg & Leg)
RGGI
Date: 2018-07-05
Sitting in Dover, after four years the Delaware Superior Court has dismissed a lawsuit -- Stevenson, et al. v. Delaware Department of Natural Resource and Environmental Control, et al. -- that challenged Delaware's participation in the Regional Greenhouse Gas Initiative (RGGI), a cap-and-trade cooperative program among nine states.

The lawsuit was brought in December 2013 by David T. Stevenson, a climate change skeptic who heads the Delaware public policy group, Center for Energy Competitiveness at the Caesar Rodney Institute. Stevenson was a member of Trump's EPA transition team and is a long-time critic of Delaware energy policies. The suit was dismissed after more than four years of litigation, had failed to demonstrate that RGGI affected their electric bills.

RGGI member states include Delaware, Connecticut, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont. Former New Jersey Gov. Chris Christie pulled the Garden State out of the group. (Source: RGGI, Delaware Business Now, 3 July, 2018) Contact: RGGI, (212) 417-3179, www.rggi.org

More Low-Carbon Energy News RGGI,  CO2,  Carbon Emissions,  


NYSERDA Recognizes Westport for Cutting Energy Consumption, Increasing Energy Efficiency (Ind. Report)
NYSERDA,Clean Energy Community
Date: 2018-06-11
In the Empire State, the New York State Energy Research and Development Authority (NYSERDA) has designated the Town of Westport as a Clean Energy Community in recognition of its leadership in reducing energy use, cutting costs and driving clean energy locally.

The $16 million Clean Energy Communities initiative provides grant funding to eligible municipalities to implement energy efficiency, renewable energy and sustainable development projects in their communities. To earn the Clean Energy Community designation, The Town of Westport:

  • Adopted a Benchmarking policy to track and report the energy use of the town's municipal buildings.
  • Streamlined the local approval processes for solar projects through adoption of the New York State Unified Solar Permit.
  • Completed energy code enforcement training on best practices in energy code enforcement for the town's code officer:
  • Installed an electric vehicle charging station at Westport Town Hall, and other upgrades and initiatives.

    Program funds are provided through the NY Clean Energy Fund and the Regional Greenhouse Gas Initiative (RGGI). (Source: NYSERDA, Town of Westport, June, 2018) Contact: NYSERDA, www.nyserda.ny.gov/cec: Town of Westport, www.westportny.net

    More Low-Carbon Energy News NYSERDA,  Energy Efficiency,  Building Energy Benchmarking,  Clean Energy Community,  


  • Solar Installations Rising in Rhode Island (Ind. Report)
    RGGI
    Date: 2018-05-04
    A report by the Solar Energy Industries Association has found that solar energy installations in Rhode Island jumped from 23.4 MW in 2017 to 39.1 MW at the end of March, 2018.

    The increase is being credited in part to Gov. Gina Raimondo's Lead by Example Campaign, a 2015 executive order directing state agencies, municipalities and schools to initiate renewable-energy and energy-efficiency projects. Under the program, over 900 new solar arrays have been installed atop a cluster of state agency buildings near the Statehouse. The three-building energy system was funded through proceeds from the Regional Greenhouse Gas Initiative (RGGI) and the state Renewable Energy Fund which is financed through electric ratepayers.

    Other Lead by Example projects include solar arrays on the Office of Attorney General, Rhode Island College, and the Rhode Island Veterans Home in Bristol. The state seeks to attain 1,000 MW of renewable energy by 2020 through a combination of incentives and funding. (Source: eco'RI News, 3 May, 2018)

    More Low-Carbon Energy News Solar,  RGGI,  


    ICAP 2018 Emissions Trading Worldwide Status Report (Report Attached)
    ICAP
    Date: 2018-03-02
    According to the recently released report ICAP Status Report 2018, China has overtaken the EU Emissions Trading System (EU ETS) as the world's largest carbon market, covering more than three gigatons of CO2e.

    Since 2005, the share of global emissions capped by an ETS has tripled to almost 15 pct covering more than seven gigatons of carbon dioxide. Major ETS reforms have lifted carbon prices in the EU, California, New Zealand and the US Regional Greenhouse Gas Initiative (RGGI) and ensure these systems drive decarbonization post 2020.

    The report also notes efforts to price carbon are progressing in Latin America and subnationals in North America and Mexico will start piloting a mandatory ETS later this year.

    Download the full report HERE. (Source: ICAP, 27 Feb., 2018) Contact: ICAP, Jean-Yves Benoit, Dir. Carbon Market, www.icapcarbonaction.com

    More Low-Carbon Energy News ICAP,  Carbon Emissions,  Climate Change,  Carbon Market,  


    Garden State Knocking on RGGI's Gate (Ind. Report)
    RGGI, New Jersey RGGI
    Date: 2018-03-02
    After a lot of posturing and promises, New Jersey's newly elected governor Phil Murphy (D) is knocking on the Regional Greenhouse Gas Initiative's (RGGI) door officially seeking readmission to the successful 9-state cap-and-trade group his predecessor Chris Christie (R) scorned in 2011.

    For New Jersey to rejoin the group all of the member states -- Connecticut, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont -- must be in agreement. (Source: RGGI, Various Media, 26 Feb., 2018)Contact: RGGI, (212) 417-3179, www.rggi.org

    More Low-Carbon Energy News RGGI,  


    Conn. Lawmakers Renew Carbon Tax Proposal (Reg & Leg)
    Carbon Tax
    Date: 2018-02-12
    In Hartford, a group of Connecticut lawmakers are reintroducing a proposed $15 per ton state carbon tax again introducing a carbon tax levied on emissions from coal, oil, natural gas, propane, or any other petroleum products. It would also be levied on electricity generators that use fossil fuels. In 2017, the bill died in committee after a public hearing.

    Connecticut is a RGGI member state along with Massachusetts, Rhode Island, New York, Vermont, and New Hampshire. New Jersey, a former RGGI member state is rejoing and Virginia is seeking entry. (Source; CT News Jumkie, 5 Feb., 2018) Contact: RGGI, (212) 417-3179, www.rggi.org

    More Low-Carbon Energy News Carbon Tax,  RGGI,  


    Env. Legislators Launch Carbon Costs Coalition (Ind. Report)
    Carbon Costs Coalition,National Caucus of Environmental Legislators
    Date: 2018-02-02
    In Washington, DC, the National Caucus of Environmental Legislators reports that lawmakers from nine states -- New York, New Hampshire, Maryland, Oregon and Washington -- have launched the Carbon Costs Coalition to collaborate accross state lines on strategies to reduce carbon emissions, promote renewable energy alternatives and combat carbon pollution.

    The Coalition would supplement the carbon reduction goals of the Regional Greenhouse Gas Initiative (RGGI), a multistate compact that seeks to reduce carbon emissions from the power sector, but would be independent of it. Unlike RGGI, each state in the Coalition would be creating its own independent legislation that would be less susceptible to political changes. (Source: National Caucus of Environmental Legislators, Public News Service, Feb., 2019) Contact: National Caucus of Environmental Legislators, Jeff Mauk, Exec. Dir., (202) 744-1006, www.ncel.net; RGGI, (212) 417-3179, www.rggi.org

    More Low-Carbon Energy News Carbon Emissions,  Climate Change,  RGGI,  


    Garden State Returning to the RGGI Fold (Ind. Report, Reg & Leg)
    RGGI,New Jersey Clean Energy
    Date: 2018-01-31
    Further to our Jan. 24th coverage, New Jersey Governor Phil Murphy (D)has reportedly signed an executive order to put his back in the nine-state Regional Greenhouse Gas Initiative (RGGI). The order reverses former Republican Governor Chris Christie's withdrawal of the Garden State from the well established and innovative program.

    The nine RGGI states include Connecticut, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont. The program has been credited with raising close to $3 billion for member state clean-energy and energy efficiency programs over the past decade, as well as with cutting RGGI state carbon emissions by 30 pct. (Source: New Jersey Clean Energy, RGGI, EDF, Observer, Others, 28 Jan., 2018) Contact: RGGI, (212) 417-3179, www.rggi.org

    More Low-Carbon Energy News RGGI,  New Jersey RGGI,  


    New Jersey Senate Advances RGGI Participation (Reg & Leg)
    RGGI
    Date: 2018-01-24
    Further to our January 12 coverage, the Garden State legislature is preparing to rejoin the Regional Greenhouse Gas Initiative (RGGI) carbon emissions cap-and-trade program. To that end, the NJ Senate Environment and Energy Committee has advanced legislation requiring the state's participation in the RGGI program and apply all revenues from the program to clean energy projects. Former Gov. Chris Christie pulled the state from the program in 2012 on the grounds that it was "ineffective in reducing greenhouse gases and increase energy costs for businesses and consumers."

    The nine state Regional Greenhouse Gas Initiative -- Connecticut, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont -- over the last decade has been creidted with raising close to $3 billion earmarked for clean-energy and energy efficiency programs and with cutting RGGI state carbon emissions by 30 pct. (Source: RGGI, Observer, Others, 22 Jan., 2018) Contact: RGGI, (212) 417-3179, www.rggi.org

    More Low-Carbon Energy News RGGI,  New Jersey RGGI,  Cap-and-Trade,  


    NJ Plans Climate Alliance, Renewed RGGI Membership (Ind. Report)
    U.S. Climate Alliance,Paris Climate Agreement
    Date: 2018-01-12
    The NJ Spotlight is reporting legislation (S-3317) is pending passage in the Garden State legislature that, if passed, would see New Jersy join the U.S. Climate Alliance, a multi-state initiative to curb carbon pollution in the wake of the Trump administration's decision to pull out of the Paris Accord.

    The Alliance is committed to working cooperatively with 13 other states to achieve the aims of the Paris Climate Accord and to strengthen existing climate programs, promote the sharing of information, and implement new programs to curb GHG emissions from all sectors of the economy.

    New Jersey was a founding member of the Regional Greenhouse Gas Initiative (RGGI), but withdrew from RGGI in 2012 during the reign of presidential hopeful Gov. Chris Chritie (R) who, in typical Trump terminology, called the program "gimmicky" and a "failure." The state is now expected to rejoin RGGI. (Source: NJ Spotlight, Others, Jan., 2018) Contact: U.S. Climate Alliance, www.usclimatealliance.org; RGGI, (212) 417-3179, www.rggi.org

    More Low-Carbon Energy News U.S. Climate Alliance,  Carbon Emissions,  Climate Change,  Paris Climate Agreement,  Chris Christie,  RGGI,  


    NH Opts for Energy Efficiency Funding Over Rebates (Ind. Report)
    RGGI
    Date: 2018-01-12
    In Concord, the News Tribune is reporting New Hampshire legislators have given preliminary approved to HOuse Bill 592. The bill redirects about $6 per year per individual rate payers from the Regional Greenhouse Gas Initiative (RGGI) program to fund energy efficiency and weatherization programs for municipalities, schools and low-income residents.

    The nine state Regional Greenhouse Gas Initiative -- Connecticut, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont -- over the last decade has been creidted with raising close to $3 billion earmarked for clean-energy and energy efficiency programs and with cutting RGGI state carbon emissions by 30 pct. (Source: RGGI, News Tribune, Others, 11 Jan., 2018) Contact: RGGI, (212) 417-3179, www.rggi.org

    More Low-Carbon Energy News RGGI,  Energy Efficiency,  Energy Eff,  


    NH Legislation Would Divert RGGI Funds (Reg & Leg)
    RGGI
    Date: 2018-01-05
    In Concorde, the New Hampshire legislature is considering HB 592 which would change the way money raised through the Regional Greenhouse Gas Initiative (RGGI) auctions is allocated. If passed, the bill would re-divert profits from New Hampshire's (RGGI) back to ratepayers is drawing opposition from environmentalists, who say it would undercut investment in clean energy programs in the state.

    Under RGGI, New Hampshire and nine other states take part in a market-based program to reduce greenhouse gas emissions, The emissions are capped but companies can purchase allowances at state-run auctions, the proceeds from which can be spent as states see fit. New Hampshire uses 15 to 20 pct of the money to fund energy-efficient and energy efficiency projects as determined by the Public Utilities Commission.

    House Bill 592, which would direct all money raised at RGGI auctions directly back to ratepayers and end investments in local and municipal clean energy initiatives, is being opposed by the League of Conservation Voters on the grounds that RGGI is intended to reduce carbon emissions in power plants.

    Participating RGGI states include Connecticut, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont. To date, the RGGI auctions have raised $2.7 billion that is earmarked for clean-energy and energy efficiency programs. (Source: Various Media, Concord Monitor, 3 Jan., 2018) Contact: RGGI, (212) 417-3179, www.rggi.org

    More Low-Carbon Energy News RGGI,  Carbon Emissions,  


    Virginia Plans to Link with RGGI (Ind. Link)
    RGGI,Virginia Air Pollution Control Board
    Date: 2017-12-04
    Following on our 17 November coverage, the Virginia Air Pollution Control Board has unanimously approved draft regulations to cut and cap carbon emissions from the Old Dominion State's electric power generation sector beginning in 2020, and to reduce emissions 30 pct by 2030.

    The draft rule proposes two starting levels for Virginia's carbon cap: 33 million or 34 million tons, starting in 2020 decreasing by roughly 3 pct each year.

    The draft plan also calls for the state to link with the Regional Greenhouse Gas Initiative (RGGI), a nine-state carbon cap-and-trade program, in 2019. Participating RGGI states include Connecticut, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont. To date, the RGGI auctions have raised $2.7 billion that is earmarked for clean-energy and energy efficiency programs. (Source: Duke University Nicholas Institute for Environmental Policy Solutions, WNPR, RGGI, Various Media, 30 Nov., 2017) Contact: RGGI, (212) 417-3179, www.rggi.org; Virginia Department of Environmental Quality, Mike Dowd, Director, (804) 678-4000, www.deq.virginia.gov; Virginia Air Pollution Control Board, www.deq.virginia.gov; Duke University Nicholas Institute for Environmental Policy Solutions, https://nicholasinstitute.duke.edu

    More Low-Carbon Energy News RGGI,  Carbon Emissions,  GHGs,  


    Vermont Carbon Tax Gaining Traction (Ind. Report)
    RGGI
    Date: 2017-11-17
    Last week in Vermont, Burlington-headquartered plant-based products manufacturer Seventh Generation Inc. proposed a state carbon tax that it says would drive down the state's electric power costs by imposing what would initially amount to a $5 per ton tax on fossil fuels for transportation and heating. The tax would rise by $5 a ton a year until 2025 when it would top out at $40 a ton, which is about what the EPA estimated in 2015 as the long-term environmental costs from 1 ton of carbon-dioxide pollution. Over the period, the carbon tax on gas would increase to 32 cents.

    Vermont is a participant in the Regional Greenhouse Gas Initiative (RGGI), a cap-and-trade program that took effect in 2009. Through quarterly auctions, the RGGI program has priced carbon-dioxide pollution at between $2 and $7.50 per ton, but only for pollution from electricity. The costs of this carbon-pricing scheme are limited to electricity generated inside New England and its proceeds are invested in energy-efficiency efforts in the RGGI participating states -- Maryland, Massachusetts, Connecticut, Delaware, Maine, New Hampshire, New York, Rhode Island and Vermont. (Source: Seventh Generation Inc., , Vermont Digger, 12 Nov., 2017) Contact: Seventh Generation, Ashley Orgain, Outreach, (802) 658-3773, www.seventhgeneration.com; RGGI, (212) 417-3179, www.rggi.org

    More Low-Carbon Energy News Vermont Carbon Tax,  Carbon Tax,  Carbon Price,  RGGI,  


    Va.DEQ Calls for Power Plant Emissions Regulations (Ind. Report)
    RGGI,Virginia Department of Environmental Quality
    Date: 2017-11-17
    In the Old Dominion State, the Virginia Department of Environmental Quality (VDEQ) is reported to have proposed regulations to limit carbon-dioxide emissions from Virginia power plants above 25 megawatts in capacity beginning in 2020. The agency is also calling for the state to participate in the Regional Greenhouse Gas Initiative (RGGI).

    Although carbon dioxide emissions from Virginia's electric power plant's dropped by 21 pct between 2005 and 2014, they still account for almost one-third of the state's overall CO2 emissions, according to state data. (Source: Virginia Department of Environmental Quality, Richmond Times-Dispatch, 14 Nov., 2017) Contact: Virginia Department of Environmental Quality, Mike Dowd, Director, (804) 678-4000, www.deq.virginia.gov; RGGI, (212) 417-3179, www.rggi.org

    More Low-Carbon Energy News RGGI,  Carbon Emissions,  


    NJ Governor-Elect Murphy Pledges RGGI Re-Entry (Ind. Report)
    RGGI
    Date: 2017-11-13
    In the Garden State, Governor-elect Phil Murphy has vowed to "immediately" bring his state back into the nine-state Regional Greenhouse Gas Initiative (RGGI) which swaps pollution credits and invests that money back into clean energy programs.

    Outgoing New Jersey Governor and Trunp supporter Chris Christie -- using typical Trump terminology -- called the program "gimmicky" and a "failure" when he withdrew his state from it beginning in 2012.

    Participating RGGI states -- Connecticut, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont -- agree to limit pollution from power plants and to allow energy producers to bid against each other in auctions for the right to emit carbon. To date, the RGGI auctions have raised $2.7 billion that is being used to fund clean-energy and energy efficiency programs. (Source: WNPR, RGGI, Various Media, 9 Nov., 2017) Contact: RGGI, (212) 417-3179, www.rggi.org

    More Low-Carbon Energy News RGGI,  


    N.J. Missing GHG Reduction Target, says Rutgers Report (Ind. Report)
    Rutgers
    Date: 2017-09-27
    According to a new report from the Rutgers University Climate Institute, the Garden State "lacks coherent, comprehensive strategy to significantly reduce carbon footprint by mid-century and is going to require much steeper reductions in greenhouse-gas emissions to reach a goal to lower carbon pollution to 1990 levels by 2050." New Jersey enacted its Global Warming Response Act almost a decade ago.

    Although the attached Rutgers report is short on recommendations it could provide a blueprint for the steps -- carbon tax, RGGI participation, cleaner transportation and greater reliance on renewable energy -- needed to curb greenhouse gas emissions by 80 pct which will require a 76 pct reduction from today's pollution levels.

    According to the report, New Jersey's emission profile differs from other states in that there is less pollution from the power sector because of the state's reliance on nuclear which comprises 43 pct of the state's electricity mix. Mobile emissions and fossil fuels used in homes and businesses, primarily for heating, account for a greater share of the emission mix.

    Download the An Examination of Policy Options for Achieving Greenhouse Gas Emissions Reductions in New Jersey -- September 2017 report HERE. (Source: Rutgers University, Georgetown Climate Center, NJ Spotlight, Sept., 2017) Contact: Rutgers, www.climatechange.rutgers.edu

    More Low-Carbon Energy News GHG,  Greenhouse Gas Emissiuons,  Emission Reduction Target,  


    RGGI Agrees on Increased Carbon Emissions Cuts (Ind. Report)
    RGGI
    Date: 2017-08-25
    Following on our July 17the coverage, the states participating in the Regional Greenhouse Gas Initiative (RGGI) -- Maryland, Massachusetts, Connecticut, Delaware, Maine, New Hampshire, New York, Rhode Island and Vermont -- are proposing to cut emissions from power plants by at least 30 pct between 2020 and 2030 -- slightly higher than the current agreement to reduce emissions by 2.5 pct annually. The proposal has yet to be agreed upon by all of the RGGI states including Massachusetts which is calling for a 5 pct per year cut in emissions.

    Participating RGGI states agree to limit pollution from power plants, and to allow energy producers to bid against each other in auctions for the right to emit carbon. To date, the RGGI auctions have raised $2.7 billion that is being used to fund clean-energy and energy efficiency programs. (Source: MPR, MassLive, RGGI, Others, 23 Aug., 2017) Contact: RGGI, (212) 417-3179, www.rggi.org

    More Low-Carbon Energy News RGGI,  Carbon Emissions,  Cap-and-Trade,  


    Virginia Considering RGGI Carbon Regulation Model (Ind. Report)
    RGGI
    Date: 2017-08-07
    In the Old Dominion State, the Department of Environmental Quality's (DEQ) advisory panel appointed by Gov. Terry McAuliffe (D) to create a new carbon regulation for Virginia's power plants reports its work is now underway. The panel includes representatives from the state's regulated utilities, merchant producers and electrical cooperatives as well as environmental groups and renewable energy and energy efficiency organizations.

    Gov. McAuliffe directed the DEQ to develop a regulation that allows for the use of "market-based mechanisms and the trading of carbon dioxide allowances through a multi-state trading program." The only similar program is Regional Greenhouse Gas Initiative (RGGI) which sets regional yearly caps for carbon emissions, regulates emissions from fossil fuel power plants above 25 MW, and auctions off those carbon-dioxide allowances.

    Virginia's power plants emitted nearly 34 million tons of carbon dioxide in 2016, up from 31 million in 2011, and are expected to rise to 37 million tons in 2019 and then fall to about 34.8 million tons by 2023, according to the DEQ. However, Virginia cannot sell allowances and raise revenue without legislative approval. That presents a complication for the panel in sorting out how to participate in RGGI's allowance-trading market without setting up its own auction and becoming a full-fledged member. (Source: Virginia Department of Environmental Quality, Aug., 2017) Contact:Department of Environmental Quality, David Paylor, Director, (804) 698-4000, www.deq.virginia.gov; RGGI, (212) 417-3179, www.rggi.org

    More Low-Carbon Energy News RGGI,  Carbon Emission,  Clean Power Plan,  


    New England CO2 Emissions Down Since RGGI Inception (Ind. Report)
    Regional Greenhouse Gas Initiative
    Date: 2017-07-17
    Contrary to U.S. President Donald Trump's withdrawal from the Paris Climate Agreement, the Administration's apparent determination to debunk global climate change and its non-interest in reducing greenhouse gas pollution, the New England states and the Regional Greenhouse Gas Initiative (RGGI) are considering more aggressive curbs on power plant carbon emissions.

    The RGGI market-based cap-and-trade program sets limits on CO2 emissions in the nine RGGI member states -- Connecticut, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont. RGGI member state power generators can buy and sell emission allowances under the program which can give a financial boost to cleaner renewable energy sources.

    RGGI notes that since its 2009 inception, carbon pollution is down 40 pct, electricity prices are down 3 pct, and RGGI member state economies have grown by 25 pct, none of which is directly or solely attributable to RGGI. (Source: MPR, RGGI, 17 July., 2017) Contact: RGGI, (212) 417-3179, www.rggi.org

    More Low-Carbon Energy News Regional Greenhouse Gas Initiative,  RGGI,  Carbon Emissions,  CO2,  Cap-and-Trade,  


    Christie Blocks NJ RGGI Membership Again (Reg & Leg)
    RGGI
    Date: 2017-07-17
    The Garden State's Democratic-controlled State Assembly's recent vote requiring the state to rejoin the Regional Greenhouse Gas Initiative (RGGI) has been defeated again by former republican presidential wannabe and state governor Chris Christie. On Thursday, July 13, Christie vetoed the assembly's legislative measure requiring the state to rejoin the Regional Greenhouse Gas Initiative.

    Christie withdrew his state from RGGI in 2011 on the grounds that it was ineffective and a tax on utility customers. Since then, he has blocked and discouraged all legislative efforts to rejoin RGGI.

    When it was a RGGI member, New Jersey received over $100 million from the program, much of which was diverted to prop-up the state budget or fund other programs. (Source: NJ Spotlight, Others, 13 JUly, 2017) Contact: RGGI, (212) 417-3179, www.rggi.orgy

    More Low-Carbon Energy News Chis Christie,  RGGI,  Carbon Emissions,  Climate Change,  


    Virginia Governor Reconsiders RGGI Participation (Reg & Leg.)
    RGGI
    Date: 2017-07-12
    In the Old Dominion State, Gov. Terry McAuliffe (D) is steering Virginia on an aggressive course to curb greenhouse gas emissions and perhaps join the Regional Greenhouse Gas Initiative (RGGI).

    To that end, McAuliffe has issued a directive to ensure the state is "trading-ready" with a structure that enforces carbon-reduction mechanisms. The directive follows a previous executive order requiring a state working group to recommend methods to reduce carbon emissions and boost Virginia's clean energy economy.

    All of the RGGI states -- Connecticut, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont -- have deregulated their retail power markets while Virginia has not. (Source: Office of Governor Terry McAuliffe, July, 2017) Contact: Office of the Governor, Brian Coy, (804) 225-4260, Brian.Coy@governor.virginia.gov; RGGI, (212) 417-3179, www.rggi.org

    More Low-Carbon Energy News RGGI,  Carbon Emissions,  Climate Change,  


    Ct. Leg. Proposes Raiding RGGI to Balance the Books (Ind. Report)
    RGGI,ACEEE
    Date: 2017-06-09
    According to the American Council for an Energy-Efficient Economy (ACEEE), Connecticut legislators are proposing to use Regional Greenhouse Gas Initiative (RGGI) funds earmarked for energy efficiency projects to help balance the state budget. They're also considering diverting 64 pct -- $160 million -- annually in utility ratepayer dollars currently earmarked for energy efficiency programs to make up budget shortfalls over the next two fiscal years.

    According to ACEEE, energy efficiency is one of the most cost-effective ways for utilities to save energy and ensure electric service to their customers -- every $1 invested in energy efficiency saves Connecticut residents and businesses $3.89, according to the Acadia Center. Every year energy efficiency programs generate hundreds of millions of dollars in lifetime utility bill savings. Programs delivered by utilities in 2016 alone will ultimately save customers more than $960 million. (Source: American Council for an Energy-Efficient Economy (ACEEE) , 6 June, 2017)Contact: RGGI, (212) 417-3179, www.rggi.org; ACEEE, (202) 507-4000, www.aceee.org

    More Low-Carbon Energy News RGGI,  Energy Efficiency,  ACEEE,  


    New Jersey Legislators Want Back Into RGGI (Ind. Report)
    RGGI
    Date: 2017-05-24
    In the Garden State, the Democratic-controlled State Assembly has voted to require the state to rejoin the Regional Greenhouse Gas Initiative (RGGI), a multi-state effort to combat climate change by curbing carbon pollution from power plants.

    The state's former republican presidential hopeful Gov. Chris Christie withdrew his state from RGGI in 2011 on the grounds that it was ineffective and a tax on utility customers. Since then, he has blocked legislative efforts to rejoin RGGI with vetoes.

    When it was a RGGI member, New Jersey received over $100 million from the program, but much of it was diverted to prop-up the state budget or fund other programs. RGGI member states include Connecticut, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont. (Source: NJ Spotlight, Various Sources, 23 May, 2017) Contact: RGGI, (212) 417-3179, www.rggi.org

    More Low-Carbon Energy News Carbon Emissions,  RGGI,  


    RGGI States Discussing Deeper Emissions Cuts (Ind. Report)
    RGGI
    Date: 2017-05-01
    Despite the Trump Administrations apathy to fighting climate change and determination to quash the Obama administration's Clean Power Plan, Delaware and the other Regional Greenhouse Gas Initiative (RGGI) states -- Connecticut, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont -- are reportedly considering making deeper cuts in carbon emissions from state power plants as part of the nine-state emissions reduction plan.

    The RGGI states are weighing policy options that would impose stricter limits on their power-plant emissions starting in 2020, ramping up a program that has driven down carbon emissions from those sources by 40 pct since it began in 2009.

    The RGGI states are committed to scale back emissions by an annual 2.5 pct which they achieve by selling "allowances" to power generators, and then using the revenue to invest in renewable energy and energy-efficiency measures. In practice, regional emissions have fallen by about 5 percent a year under RGGI while consumers' power prices have dropped in response to the increasing use of renewables and energy efficiency, boosting local economies. RGGI is now looking at raising its mandates cuts from 2.5 to 3.5 percent.

    Since its inception, the RGGI program has cut consumers' energy bills by some $4.7 billion, while boosting the regional economy by $2.9 billion, according to RGGI data. (Source: RGGI, Delaware Public Media, 28 April, 2017) Contact: RGGI, (212) 417-3179, www.rggi.org

    More Low-Carbon Energy News Carbon Emissions,  RGGI,  


    Oregon Investigating Cap-and-Trade Program (Reg & Leg)
    Oregon Department of Environmental Quality,
    Date: 2017-02-20
    In Salem, the Oregon state legislature reports it has reports it has instructed the states's environmental agency, Department of Environmental Quality (DEQ), to examine the implementation of a market-based cap-and-trade system to reduce the state's carbon emissions without harming business interests statewide.

    The DEQ notes the presently, California and the northeastern RGGI states, along with the Canadian Province of Quebec,have such a system as well as mandatory carbon reduction regulations that encourage appropriate technologies that enhance rather then harm business. The DEQ adds that the RGGI program generates hundreds of millions in revenue for low-carbon energy programs and projects and projects a similar program in Oregon would deliver similar positive results. (Source: Oregon Department of Environmental Quality, Environmental Leader, February 16, 2017) Contact: Oregon Department of Environmental Quality, www.oregon.gov/DEQ/Pages/index.aspx

    More Low-Carbon Energy News Oregon Department of Environmental Quality,  RGGI,  Cap-and-Trade,  Carbon Emissions,  


    Cuomo Calls for Larger Carbon Emissions Cuts (Ind. Report)
    RGGI
    Date: 2017-01-13
    In Albany, New York governor Andrew Cuomo reports his administration has committed to cut the Empire State's greenhouse gas emissions an additional 30 pct below 2020 levels by 2030. Cuomo is also calling on the Regional Greenhouse Gas Initiative (RGGI) states to join New York in the fight against climate change and in building a low-carbon, clean energy economy.

    To that end, the governor is proposing that the nine Northeastern and Mid-Atlantic States reduce the emissions cap from 78.2 million tons in 2020 to 75.1 million tons in 2021, declining to 54.6 million tons in 2030.

    In New York, RGGI has led to a 46 pct reduction in carbon emissions from affected power plants and a 90 pct reduction in coal-fired power generation. To date, the state has generated close to $1 billion in RGGI proceeds which are used to help fund clean energy and emission reduction programs.(Source: Office of Gov. Andrew Cuomo, HVNN.co 9 Jan., 2017) Contact: N.Y. Gov. Andrew Cuomo, www.governor.ny.gov; RGGI, (212) 417-3179, www.rggi.org

    More Low-Carbon Energy News RGGI,  Andrew Cuomo,  Greenhpouse Gas Emissions,  


    R.I. Climate Report Looks to Spark Action in 2017 (Ind. Report)
    Rhode Island Department of Environmental Management
    Date: 2017-01-02
    In Providence, Rhode Island scientists and policymakers are reported to be looking to local initiatives to prepare for and mitigate the impacts of climate change, according to Rhode Island Department of Environmental Management (DEM) director Janet Coit. Coit made her comments to the December meeting of the Executive Climate Change Coordinating Council (EC4), a state agency.

    In its year-end draft report, EC4 recognizes progress on mitigating greenhouse gases but concludes that Rhode Island must make drastic changes to its energy and transportation sectors to meet long-term emission reductions. Forty percent of those emissions come from the transportation sector, 20 pct from electric power production and 20 pct from residential heating.

    The report also states how these sources of emissions might transform over the next 33 years. The biggest changes call for a dramatic shift from natural gas and diesel power to renewable energy, biofuels and electric vehicles. In order to cut emissions 80 pct by 2050, 76 pct of car and truck travel must come from electric vehicles and the vast majority of electric power generation must be fueled by carbon-free sources.

    The report further suggests that can be curtailed by expanding local and state-wide energy-efficiency initiatives and programs, promptly repairing natural-gas leaks, reducing landfill gas emissions and supporting energy storage technologies, all of which can be supported by economic-stimulus programs. Recommended policies include further expansion of regional emission-reduction efforts for New England and eastern Canada. This is includes the successful Regional Greenhouse Gas Initiative (RGGI).

    Rhode Island has already reached its emission-reduction target for 2020. The challenge is meeting longer-range cuts -- 45 pct by 2035 and 80 pct by 2050. (Source: Rhode Island Department of Environmental Management, eco'RI news, 28 Dec., 2016) Contact: Rhode Island Department of Environmental Management, Janet Coit, Dir., (401) 222-6800, http://www.dem.ri.gov; RGGI, (212) 417-3179, www.rggi.org; Executive Climate Change Coordinating Council, www.planning.ri.gov/statewideplanning/climate

    More Low-Carbon Energy News Carbon Emissions,  Climate Change,  RGGI,  


    RGGI Carbon Auction Prices Tumble 22 pct (Ind. Report)
    RGGI
    Date: 2016-12-16
    On Wednesday, carbon dioxide allowance prices fell 22 pct at the 34th Regional Greenhouse Gas Initiative (RGGI) auction. Nearly 14.8 million allowances were sold at a clearing price of $3.55, down from the $4.54 they netted in the last quarterly auction, in September.

    According to RGGI, carbon prices have flattened out as the program's success in limiting emissions has led to an oversupply of emission credits, leading to prices over 50 pct lower than they were a year ago. Last week's clearing price is the lowest since December 2013, when 38.3 million allowances cleared at $3.

    The RGGI states include Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont.(Source: RGGI, Dec. 12, 2016) Contact: RGGI, (212) 417-3179, www.rggi.org

    More Low-Carbon Energy News RGGI,  Carbon Emissions,  

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