Allocation of Greenhouse Gas Allowances in the United States – A Northeastern Example

Arguably the best-known greenhouse gas (GHG) emissions trading initiative in the U.S. is the Regional Greenhouse Gas Initiative (RGGI). As of October 2007, a group of 10 states in the northeastern U.S. have agreed to begin an emissions trading system on 1 January 2009.

This proposed system Covers the electricity energy sector; more specifically
generators with power plants in the RGGI region with over 25 MW of nameplate capacity, totalling approximately 810 facilities in the participating states. Although RGGI is a sub-national regional initiative, the participating states as a region represent the world's seventh largest greenhouse gas producer, responsible for approximately 3.2 per cent of global emissions,2 which is an amount nearly
equalling that emitted by Germany. Furthermore, this initiative may play an important role with respect to future U.S. federal climate protection policies.

Copyright: © Lexxion Verlagsgesellschaft mbH
Quelle: Issue 2/2007 (November 2007)
Seiten: 10
Preis inkl. MwSt.: € 16,00
Autor: Dr. Camilla Bausch
Sandra Cavalieri

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