| States involved in the developing northeastern U.S. carbon market are expected to announce on Thursday that they will reduce the program's emissions cap as a way to stimulate allowance trading and strengthen its environmental goals, according to the Natural Resources Defense Council.
The Regional Greenhouse Gas Initiative's (RGGI) nine member states have agreed to lower the market's carbon cap to 91 million short tons from the current level of 165 million for the next phase, which will run from 2014 to 2017, said Dale Bryk, an attorney for the Natural Resources Defense Council (NRDC), which is a RGGI stakeholder and observer...............................................Full Article: Source
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