RGGI states agree post-2020 bank adjustment, supply-curbing mechanism amid compromise on cap cuts

Published 19:17 on August 23, 2017  /  Last updated at 15:34 on August 24, 2017  /  Americas, US  /  No Comments

RGGI states have provisionally backed a 3% annual cut to the scheme’s CO2 cap over the 2020s, they announced Wednesday, one of the less ambitious rates being considered but coupled with complementary measures including the introduction of a bank adjustment and a supply-curbing mechanism aimed at supporting prices.

RGGI states have provisionally backed a 3% annual cut to the scheme’s CO2 cap over the 2020s, they announced Wednesday, one of the less ambitious rates being considered but coupled with complementary measures including the introduction of a bank adjustment and a supply-curbing mechanism aimed at supporting prices.

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