Regional Greenhouse Gas Initiative (RGGI)

The regional greenhouse gas initiative is a group located in the mid-atlantic states that focuses on the carbon dioxide emmisions and the power plants in the area. The RGGI auctions of what are known as CO2 Allowances. A CO2 allowance represents a permit omit one ton of CO2. A power plant must hold aloowances equal to its emmions. Power Plants thoroughout ten ten staes in the USA now contain allowances. Along with reducing emmisons the RGGI makes investments in energy effieceincy and renewbal energy. The initiative as been in buisness since 2000 and hopes to have CO2 emmisions reduced in the ten states by 10% by 2018. I think the idea of selling these allowances is a great idea because this puts caps on the amount of CO2 emmions the biggest producers of CO2 (power plants) can use. THe RGGI started there misson within North eastern USA because they wanted to target power plants and that is the part of the country where most plants stand. The compnay right now hasn't expaned much and isn't really looking to expand to Canada any time soon. The RRGI focusses on the USA becasue that is where most of the power plants are.