[vc_row full_width=”stretch_row_content_no_spaces”][vc_column][vc_single_image image=”413″ img_size=”full” css=”” el_class=”w-100″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJjYXJvdXNlbC1jYXB0aW9uJTIwZC1tZC1ibG9jayUyMGQtc20tYmxvY2slMjIlM0UlMEElMjAlMjAlMjAlMjAlMjAlM0NoMSUzRVJFR0lPTkFMJTIwR1JFRU5IT1VTRSUyMEdBUyUyMElOSVRJQVRJVkUlM0MlMkZoMSUzRSUwQSUzQyUyRmRpdiUzRQ==[/vc_raw_html][/vc_column][/vc_row][vc_row equal_height=”yes” content_placement=”top” el_class=”mt-4″][vc_column width=”1/6″][vc_column_text css=””]

RGGI References

[/vc_column_text][/vc_column][vc_column width=”5/6″][vc_custom_heading text=”About RGGI” font_container=”tag:h2|text_align:left|color:%2300669b” use_theme_fonts=”yes”][vc_column_text css=””]

The Regional Greenhouse Gas Initiative (RGGI) is a market-based program designed to reduce carbon dioxide (CO₂) emissions from the power sector. Launched in 2005, RGGI was the first multi-state program of its kind in the United States. RGGI is a cooperative effort among Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont.

Electricity generators subject to these regulations comply by purchasing CO₂ allowances equal to the tons of CO₂ they emit. Allowances are purchased at regional quarterly auctions. States receive the proceeds from these auctions proportional to their contribution to the declining regional cap. Each participating state invests the auction proceeds into strategic programs to reduce greenhouse gases, mitigate climate change, and benefit stakeholders. To learn more about the initiative, visit RGGI.

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”New Jersey Investment of Auction Proceeds” font_container=”tag:h2|text_align:left|color:%2300669b” use_theme_fonts=”yes” css=””][vc_column_text css=””]

New Jersey formally rejoined the Regional Greenhouse Gas Initiative (RGGI) in 2020, becoming the tenth state to join the greenhouse gas cap-and-invest program.

Due to New Jersey’s participation in RGGI, the state earned $118,689,480.21 at the 1st quarterly CO₂ auction of 2026, bringing its total funding received up to now $1,227,194,299.20 since the state rejoined RGGI in 2020. The proceeds will be used to invest in climate change, clean energy and equity programs across the state.

These investments are guided by the Strategic Funding Plans. These funding plans are established by 3 state entities; The Department of Environmental Protection (DEP), the Board of Public Utilities (BPU), and the Economic Development Authority (EDA). The funding plan identifies how the RGGI auction proceeds will be distributed for the 3-year funding period. To learn more about how the agencies develop and implement these plans, visit our RGGI Strategic Funding Plan FAQ page.

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space][vc_custom_heading text=”About Upcoming Changes to the RGGI Program” font_container=”tag:h2|text_align:left|color:%2300669b” use_theme_fonts=”yes” css=””][vc_column_text css=””]RGGI states regularly conduct comprehensive review of their CO₂ budget trading programs through a collaborative effort known as Program Review. During Program Review, states work together to consider successes, impacts, and design elements of the regional program. The outcomes of Program Review are reflected in the updated Model Rule, which states are committed to adopt to their individual rules in a substantially consistent way. The Third Program Review started in 2021 and concluded in July 2025. This comprehensive review included public meetings held to gather stakeholder input, and technical analyses to evaluate program design changes.   

The objectives of program design changes reflected in the updated Model Rule are to strengthen the regional emissions cap, provide market stability and confirm commitments to energy affordability, public health, and the environment.  

Program design changes include:  

  • Starting in 2027, the regional CO₂ allowance budget will be reduced in two phases: a 10.5% annual reduction from 2027 to 2033, followed by a 3% reduction from 2034 to 2037.  
  • Removes Offset Allowances from program design starting in 2027.  
  • To reduce allowance price volatility and improve market stability, the updated program design will transition to a two-tiered Cost Containment Reserve. Additionally, the Emissions Containment Reserve will be eliminated and replaced with a higher Minimum Reserve Price.  
  • The Model Rule has been streamlined for monitoring, reporting, and recordkeeping requirements.  

New Jersey plans to propose its new CO₂ Budget Trading rule by Spring 2026, with adoption by January 2027. The participating states, including New Jersey, are committed to commence a fourth program review no later than 2028 to evaluate these changes early on after they are implemented. This will provide opportunity to address needs for further changes and/or adjustments to the design on shorter timelines than normally scheduled.  

 

Public Engagement on the New Model Rule 

DEP held a public stakeholder meeting on October 23, 2025, to initiate the rule adoption process. [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_btn title=”View the slides” css=”” link=”url:https%3A%2F%2Fdeptest.nj.gov%2Frggi%2Fwp-content%2Fuploads%2Fsites%2F168%2Ffinalstakeholderpresentation.pdf|target:_blank”][/vc_column][vc_column width=”1/4″][vc_btn title=”View the recording” css=”” link=”url:https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DY0aHZ4XfT8o%26feature%3Dyoutu.be”][/vc_column][vc_column width=”1/4″][/vc_column][vc_column width=”1/4″][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”Regional RGGI Impact” font_container=”tag:h2|text_align:left|color:%2300669b” use_theme_fonts=”yes” css=””][vc_column_text css=””]

RGGI participating states have realized numerous benefits including a significant reduction in CO2 emissions. See our RGGI success in New Jersey flyer.

Read the full Investment of Proceeds Report.

[/vc_column_text][vc_empty_space][vc_empty_space][vc_row_inner gap=”35″][vc_column_inner width=”1/4″][vc_icon icon_fontawesome=”fas fa-gas-pump” color=”custom” background_style=”rounded-less” background_color=”custom” size=”xl” align=”center” css_animation=”fadeInUp” custom_color=”#f5f5f5″ custom_background_color=”#274c77″][vc_column_text css=””]

390.3 Million MMBtu

Fossil Fuel Use Avoided

[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_icon icon_fontawesome=”fas fa-industry” color=”custom” background_style=”rounded-less” background_color=”custom” size=”xl” align=”center” css_animation=”fadeInUp” custom_color=”#f5f5f5″ custom_background_color=”#274c77″][vc_column_text css=””]

60.1 Million Short Tons

Short Tons of CO2 Avoided

[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_icon icon_fontawesome=”fas fa-lightbulb” color=”custom” background_style=”rounded-less” background_color=”custom” size=”xl” align=”center” css_animation=”fadeInUp” custom_color=”#f5f5f5″ custom_background_color=”#274c77″][vc_column_text css=””]

101.6 Million MWh

Megawatt-Hours Saved

[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_icon icon_fontawesome=”fas fa-money-bill-wave” color=”custom” background_style=”rounded-less” background_color=”custom” size=”xl” align=”center” css_animation=”fadeInUp” custom_color=”#f5f5f5″ custom_background_color=”#274c77″][vc_column_text css=””]

$20.2 Billion

Lifetime Energy Bill Savings

[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space][vc_separator color=”custom” accent_color=”#e7e6e6″][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”New Jersey RGGI Tools and Web Apps” font_container=”tag:h2|text_align:left|color:%2300669b” use_theme_fonts=”yes” css=””][vc_row_inner equal_height=”yes” content_placement=”middle”][vc_column_inner width=”1/3″][info-box-shortcode title=”RGGI EGU Current and Historic Emissions” buttontitle=”View Dashboard” buttonlink=”https://njdep.maps.arcgis.com/apps/dashboards/f405c16837dd4ea7b8f842fb825b2309″ targetlink=”true” bgimg=”603″]This dashboard displays locational information for each power plant electric generating unit (EGU) subject to RGGI, as well as historic annual emissions and operational information.

View Terms of Service

[/info-box-shortcode][/vc_column_inner][vc_column_inner width=”1/3″][info-box-shortcode title=”RGGI Climate Investments Dashboard” buttontitle=”View Dashboard” buttonlink=”https://www.arcgis.com/apps/dashboards/71e62ee3de2d4a6585bf4766881406c6″ targetlink=”true” bgimg=”605″]This dashboard contains a number of different interactive charts and widgets with information about the climate investments being made by the DEP, BPU, and EDA utilizing funds obtained through quarterly auctions of the Regional Greenhouse Gas Initiative.

View Dashboard Video Tutorial[/info-box-shortcode][/vc_column_inner][vc_column_inner width=”1/3″][/vc_column_inner][/vc_row_inner][vc_empty_space height=”45px”][/vc_column][/vc_row][vc_row full_width=”stretch_row”][vc_column][vc_separator color=”custom” accent_color=”#e7e6e6″][vc_empty_space][vc_custom_heading text=”New Jersey’s Role in RGGI” font_container=”tag:h2|text_align:center|color:%23000000″ use_theme_fonts=”yes” css=””][wpex_timeline style=”simple-bod” alignment=”sidebyside” count=”100″ posts_per_page=”100″ cat=”nj-role-in-rggi” orderby=”meta_value_num” meta_key=”wpex_order” end_label=”2005″ full_content=”1″ posttype=”wp-timeline”][/vc_column][/vc_row][vc_row full_width=”stretch_row”][vc_column][vc_text_separator title=”” i_icon_fontawesome=”fas fa-cloud” i_color=”grey” add_icon=”true”][/vc_column][/vc_row][vc_row full_width=”stretch_row”][vc_column][vc_column_text css=””]

Stay in the know on RGGI

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