New York State recently proposed new regulations to limit carbon dioxide emissions from power plants. The proposed rules, developed as part of the Regional Greenhouse Gas Initiative (RGGI) – a regional effort among 10 northeastern states to regulate carbon dioxide emissions – will apply to coal, oil, and gas-fired electric power plants with a capacity of 25 megawatts or more. Beginning in 2009, these electricity generators will be required to purchase allowances to cover their emissions of carbon dioxide. New York will auction a total of 64.3 million tons of carbon dioxide allowances to generators between 2009 and 2011. The proposed regulations also require continuous emission monitoring of carbon dioxide emissions. Additionally, power plants will be able to engage in offset projects that will give them flexibility in meeting their limits. Examples of such offset projects include landfill gas recovery, reforestation and methane capture from farming facilities. The state will be receiving written comments on the proposed rules through March 2008. It will also hold public hearings on the carbon dioxide regulations throughout December 2007. For more information, please see www.rggi.org/ or www.dec.ny.gov/energy/rggi.html.