"The Regional Greenhouse Gas Initiative isn’t having the same emissions-cutting effect it used to. As power bills rise, some wonder if it is worth continuing."

I don't normally agree with these people, but this report includes a good description of how RGGI is designed 

https://www.canarymedia.com/articles/carbon-capture/rethink-northeast-cap-and-trade-system?utm_campaign=Newsletter&utm_medium=email&_hsenc=p2ANqtz-87yLBG-O23sc9NollbHFjy168t8_n2X7ruE5-LeRm5M46GyTK1rA0YNjdxNeX7Kiz5krbKX3RdNbY7hDL3FBOcV4OeYA&_hsmi=439273223&utm_content=439273223&utm_source=hs_email