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Nine U.S. States Seek 30% More in CO2 Cuts as Trump Pushes Coal

  • New York and eight states propose new 30 percent reduction
  • Carbon reductions by states continue after Paris exit decision
An excavator stands in this aerial photograph taken above the Peabody Energy Wild Boar coal strip mine in Lynnville, Indiana, U.S., on Tuesday, April 5, 2016. Peabody filed for bankruptcy on Wednesday, the most powerful convulsion yet in an industry that's still waiting for the coal market to bottom out.
Photographer: Luke Sharrett/Bloomberg

Nine states in the U.S. Northeast plan to bolster their target for cutting carbon-dioxide emissions, even as President Trump seeks to revive a coal industry suffering from competition and efforts to stem greenhouse gases.

The Regional Greenhouse Gas Initiative, which auctions permits for utilities to buy electricity produced at plants that produce greenhouse gases, proposed to lower its cap on emissions by an additional 30 percent from 2020 to 2030, according to an emailed statement on Wednesday. The auctions have raised more than $2.7 billion to invest in cleaner energy since 2009, the group said.