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The Regional Greenhouse Gas Initiative

The Regional Greenhouse Gas Initiative. Dale S. Bryk Natural Resources Defense Council. Sustainability Practice Network March 14, 2006. Regional Greenhouse Gas Initiative. Cap-and-trade for CO 2 emissions from power plants Reduce emissions 10% from current levels by 2019

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The Regional Greenhouse Gas Initiative

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  1. The Regional Greenhouse Gas Initiative Dale S. Bryk Natural Resources Defense Council Sustainability Practice Network March 14, 2006

  2. Regional Greenhouse Gas Initiative • Cap-and-trade for CO2 emissions from power plants • Reduce emissions 10% from current levels by 2019 • MOU signed by 7 Governors December 2005 • Model Rule due July 2006, followed by individual state rulemakings / legislation • Implementation January 2009

  3. RGGI Goals • Reduce global warming pollution • Maximize economic development • Drive technical innovation • Maintain reliability and fuel diversity • Minimal cost to consumers

  4. Trading and Investment Opportunities • Allowances • Offsets • Complementary Energy Policies/ Efficiency

  5. Offsets Offset process • Objective Criteria vs. case by case review • New offset types will be added over time Offset types • Natural Gas, Propane, Heating Oil Efficiency • Land to Forest • Landfill Gas Capture & Combustion • Methane Capture from Animal Operations • SF6 Leak Prevention • Leak Detection in Natural Gas Distribution

  6. Energy Efficiency is Key to Low Cost

  7. Potential to Reduce Demand Growth Source: NEEP, 2004

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