The Virginia Air Pollution Control Board has approved a proposal to reduce power sector carbon dioxide emissions by 30 percent between 2020 and 2030. The proposal would link Virginia with the Regional Greenhouse Gas Initiative (RGGI), the nation’s first mandatory cap-and-trade program. The proposal is consistent with RGGI’s recently announced proposed improvements that caused a rebound in allowance prices in the September auction. With member states in agreement over the program's post-2020 path, RGGI is likely in for a boost that could see both price increases in future auctions and additional states joining the group.Details
EnerKnol’s environmental markets insight provides market participants up-to-date information and forecasts of the U.S. carbon markets and emissions regulations. Among many topics, analysis includes the Regional Greenhouse Gas Initiative (RGGI), California cap-and-trade (AB 32), Environmental Protection Agency emissions regulations, and energy efficiency standards. Environmental markets policy is more active than ever before with emergence of new climate change studies. EnerKnol Research provides critical insight for compliance entities, carbon market participants, and power generators, to stay abreast of legislative and regulatory changes.