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Policy & Regulation

Oldest US carbon market may double in size with new members

Cap-and-trade looks set to take a big step forward in the land of its birth, which should benefit gas and renewables over coal Cap-and-trade looks set to take a big step forward in the land of its birth, which should benefit gas and renewables over coal.
By Alessandro Vitelli 9 October 2019 Americas / Policy & Regulation 0 34665
Conemaugh coal-fired power plant in Pennsylvania. (PA)

Carbon trading in the United States has survived a three-year political onslaught from conservatives and now looks set to grow with the addition of three high-emitting states to the country’s oldest cap-and-trade system.

Pennsylvania and Virginia are in the process of joining the Regional Greenhouse Gas Initiative (RGGI), while former member New Jersey has rejoined and will resume participation in January 2020. The addition of the three states has the potential to double the size of the scheme. Pennsylvania, in particular, is looking...