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What is RGGI?

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 of its kind multi-state program 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 Inc.[/vc_column_text][vc_empty_space][vc_row_inner equal_height=”yes”][vc_column_inner width=”1/2″][vc_single_image image=”786″ img_size=”large” alignment=”center” css=”” title=”How RGGI Works”][vc_empty_space][vc_column_text css=””]RGGI Inc. operates by setting a regional cap on carbon dioxide emissions from fossil fuel power plants. To comply, power plants must purchase allowances equal to their emissions for a three-year control period. These allowances are sold through regional quarterly auctions held by participating states. The revenue generated from these auctions is then used by the states to invest in energy efficiency, renewable energy projects, and other programs aimed at reducing carbon emissions and improving community health outcomes.[/vc_column_text][vc_empty_space][vc_single_image image=”435″ img_size=”medium” alignment=”center” css=”” title=”Benefits of RGGI”][vc_column_text css=””]Benefits of RGGI and projects funded by RGGI include but are not limited to reducing greenhouse gas emissions, creating job opportunities, reducing air pollutants, improving health outcomes and lowering healthcare costs, reducing costs to ratepayers and improving or restoring natural habitats.[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_single_image image=”600″ img_size=”large” alignment=”center” css=”” title=”States Currently Participating in RGGI”][vc_empty_space][vc_empty_space][vc_empty_space][vc_empty_space][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_empty_space][vc_column_text css=””]

New Jersey’s 2023 Electric Generation

[/vc_column_text][vc_column_text css=””]New Jersey’s electricity is generated primarily from the combustion of natural gas and nuclear power. Only 0.6% of New Jersey’s electricity comes from petroleum, and coal is no longer used in the state. Renewable energy resources, such as solar and wind, account for about 11% of electricity generation. [/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row equal_height=”yes”][vc_column width=”1/4″][vc_icon icon_fontawesome=”fas fa-fire-alt” color=”grey” background_style=”rounded” background_color=”custom” size=”xl” align=”center” css_animation=”bounceIn” css=”” custom_background_color=”#07065C”][vc_column_text css=””]

47.5% Natural Gas

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41% Nuclear

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11% Renewables

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0.6% Petroleum

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