RGGI seeks views on minimum requirements for trade with non-member states

By Ben Garside, Carbon Pulse.

RGGI has opened a consultation on what other US states need to do in order to trade with the regional cap-and-trade market under the Clean Power Plan.

While RGGI was designed to be open-ended to allow other states to join the power generation cap-and-trade system, its regulators are now seeking views on what minimum requirements would need to be met to allow trade with states not initially willing to join.

Such provisions are envisaged by the federal government under the CPP, for which the vast majority of the 47 states facing targets are considering using carbon markets to meet their goals from 2022.