Regional Greenhouse Gas Initiative, Inc. (RGGI, Inc.) is a 501(c)(3) non-profit corporation created to support development and implementation of the Regional Greenhouse Gas Initiative (RGGI). RGGI is a cooperative effort among nine states – Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island and Vermont – to reduce greenhouse gas emissions.
RGGI, Inc.'s exclusive purpose is to provide administrative and technical services to support the development and implementation of each RGGI State's CO2 Budget Trading Program. RGGI, Inc.'s activities include:
Development and maintenance of a system to report data from emissions sources subject to RGGI, and to track CO2 allowances
Implementation of a platform to auction CO2 allowances
Monitoring the market related to the auction and trading of CO2 allowances
Providing technical assistance to the participating states in reviewing applications for emissions offset projects
Providing technical assistance to the participating states to evaluate proposed changes to the States' RGGI programs
RGGI, Inc. has no regulatory or enforcement authority. All such sovereign authority is reserved within the States.