NY, 8 Other States Tighten Regional Carbon Pollution Caps

Law360, New York (February 7, 2013, 7:08 PM EST) -- Nine northeastern states including New York agreed Thursday to slash carbon dioxide limits under a regional cap and trade program by nearly half, a move state officials said sets more appropriate targets for emissions reductions.

The New England states as well as New York, Maryland and Delaware signed onto a rule reducing the Regional Greenhouse Gas Initiative’s carbon dioxide budget from 165 million tons to 91 million tons for next year.

Implemented in 2008, RGGI set an emissions cap for the region that proved to be...
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