GROUPS ASK RGGI STATES TO ALLOW MORE PROJECTS TO QUALIFY AS OFFSETS

Some industry officials and think tanks are calling for Northeast states to allow additional types of special greenhouse gas reduction projects, known as offsets, to qualify for credits under the regional greenhouse gas initiative (RGGI), allowing electric utilities to fund these projects instead of reducing emissions at the smokestack. The states have drafted a model rule for RGGI with only a few project categories qualifying as offsets, while also setting what some groups argue are cumbersome restrictions on approving the...