The Northeast’s carbon market just got a refresh. 10 states in the Regional Greenhouse Gas Initiative (RGGI) agreed to slash power plant emissions by as much as 87% over the next decade. (E&E News)
Starting in 2027, the number of carbon allowances available will decline sharply each year through 2037—unless cost-control measures kick in, which could soften the reduction to 60%.
Modeling shows minimal ratepayer impact, and RGGI auction proceeds will continue funding state-level clean energy and efficiency programs.