New York Addresses Climate Change With the First Mandatory U.S. Greenhouse Gas Program
Article from: OGEL 4 (2006), in Climate Change
Spurred by concerns about climate change and its impacts on the environment and the economy, The New England/Mid-Atlantic Regional Greenhouse Gas Initiative (RGGI) is a groundbreaking effort, spearheaded by New York State, to create the first mandatory greenhouse gas cap and trade program in the United States. It will reduce emissions of the principal greenhouse gas, carbon dioxide (CO2), in the region and provide a model for the country. With the execution of the RGGI Memorandum of Understanding ("MOU") on December 20, 2005, by New York State and six of its ...