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nypa board of trustees from - New York Power Authority

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will require a 10 percent reduction in these emissions by 2018. RGGI is composed <strong>of</strong> individual<br />

CO 2 Budget Trading Programs in each <strong>of</strong> the ten participating states. Regulated power plants<br />

can use a CO 2 allowance issued by any <strong>of</strong> the ten participating states to demonstrate compliance<br />

with the state program governing their facility. Taken together, the ten individual state programs<br />

function as a single regional compliance market for carbon emissions, the first mandatory,<br />

market-based CO 2 emissions reduction program in the United States.<br />

-11-

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