Power plants subject to a regional cap-and-trade program in the northeastern U.S. known as the Regional Greenhouse Gas Initiative (RGGI) reduced their carbon dioxide emissions by an average of 23 percent during the first three years of the program, the group says. According to a RGGI report, 206 of 211 power plants participating in the program met their compliance obligations from Jan. 1, 2009 to Dec. 31, 2011, the first three-year control period of the program. During that time, the average annual CO2 emissions were 126 million tons, a 23-percent decline compared with the previous three-year period. Emissions for the 2009-2011 period were about 33 percent below RGGI’s annual pollution cap of 188 million tons, which was due to a shift from coal to natural gas, the economic recession, and energy efficiency programs. The RGGI regime requires major power plants to buy allowances at auction for each ton of carbon dioxide they emit. Companies that emit lower emissions can sell their unused allowances to other companies. Program participants include the six New England states and New York, Delaware, and Maryland.
Carbon Emissions Declined 23 Percent Under Regional U.S. Program
More From E360
-
Oceans
Dire Straits: Can a Fishing Ban Save the Elusive European Eel?
-
Climate
Scientists Are Trying to Coax the Ocean to Absorb More CO2
-
INTERVIEW
Marina Silva on Brazil’s Fight to Turn the Tide on Deforestation
-
Solutions
Solomon Islands Tribes Sell Carbon Credits, Not Their Trees
-
INTERVIEW
With Sea Turtles in Peril, a Call for New Strategies to Save Them
-
RIVERS
Jared Kushner Has Big Plans for Delta of Europe’s Last Wild River
-
Energy
A Nuclear Power Revival Is Sparking a Surge in Uranium Mining
-
OPINION
Despite Official Vote, the Evidence of the Anthropocene Is Clear
-
INTERVIEW
At 11,500 Feet, a ‘Climate Fast’ to Save the Melting Himalaya
-
Oceans
Octopuses Are Highly Intelligent. Should They Be Farmed for Food?
-
Climate
Nations Are Undercounting Emissions, Putting UN Goals at Risk
-
Solutions
As Carbon Air Capture Ramps Up, Major Hurdles Remain