Part 242 Regional Greenhouse Gas Initiative Update Public Hearing Afternoon Session
DATE: 2/9/2026
START TIME: 2:00 p.m.
REGION: Statewide
LOCATION: Webex
REGISTRATION LINK: https://meetny-gov.webex.com/weblink/register/r3f4cead4b4a9140a2faba113ca2516ea
The proposed amendments to 6 NYCRR Part 242 CO2 Budget Trading Program would reduce the annual budget of CO2 allowances through 2037, add a second tier of Cost Containment allowances, remove the emissions containment reserve, remove offset projects, remove eligible biomass provisions, increase the minimum reserve price, reduce the number of allowances set-aside for long term contracts and voluntary renewable energy purchases, and make other improvements and clarifications to the program. The Department is also proposing attendant amendments to listings of related reference material in 6 NYCRR Part 200 General Provisions. Additionally, New York State Energy Research and Development Authority is proposing to amend 21 NYCRR Part 507 CO2 Allowance Auction Program to align with the proposed amendments to 6 NYCRR Part 242. Comments on these proposed revisions will be received by February 16, 2025.
Webex Information
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https://meetny-gov.webex.com/weblink/register/r3f4cead4b4a9140a2faba113ca2516ea
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