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RGGI eyes carbon-cap reduction

The Regional Greenhouse Gas Initiative (RGGI), a regional cap-and-trade market launched in 2008, is considering how much lower its nine-state carbon allowance cap should be in the years ahead.
RGGI requires fossil-fuel plants of a certain size to purchase an allowance for every metric ton of carbon dioxide they emit. Since the first quarterly auction in 2008 through the most recent in March, those allowances have resulted in $2.68 billion in procee ...

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