in News Departments > New & Noteworthy
print the content item

Gov. M. Jodi Rell, R-Conn., will propose legislation to support the Regional Greenhouse Gas Initiative (RGGI), a nine-state, regional agreement that will reduce greenhouse gas emissions from power plants.

The Governor's proposal will create a regulatory structure for incentives and penalties designed to reduce carbon emissions statewide. Beginning in 2009, the Regional Greenhouse Gas Initiative RGGI agreement would stabilize carbon dioxide emissions from power plants of greater than 25 MW at current levels through 2014, Rell says. This step will be followed by a 10% reduction in emissions by 2019.

RGGI is a cooperative effort by Connecticut, Delaware, Maine, New Hampshire, New Jersey, New York, Vermont, Massachusetts and Rhode Island. The agreement, which was signed by Connecticut in December of 2006, establishes a market-based cap-and-trade auction system that requires major power plants to obtain allowances to cover the amount of their carbon emissions.

In addition, the agreement allows participating states to retain authority over the carbon allowances and to auction them off for public benefit. Power providers who cut their emissions by more than the targeted amount can auction their excess credits to noncompliant plants, the governor adds. Funds raised through the auction of carbon allowances to power providers will be used to strengthen energy conservation and energy efficiency programs, yielding real savings for ratepayers.

"Climate change is a growing concern, and this agreement is part of our longstanding commitment to combat it by reducing dangerous greenhouse gas emissions," comments Rell. "As an added benefit under RGGI, we will be using the free market to further encourage energy efficiency and energy conservation for the benefit of our current and future generations."

Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.


Texas Comptroller Attacks Wind Power, And Industry Fights Back

Texas Comptroller Susan Combs recently released a report calling for an end to wind power subsidies. The Wind Coalition has responded, saying the report is riddled with misinformation.


How To Mitigate Blade Issues And Costly Downtime

Routinely inspecting your turbine's blades can help identify problems early on, ultimately cutting down unscheduled maintenance costs.

Renewable NRG_id1934
Canwea_id1984