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The forumâs participants finally adopted a declaration called âthe Three Seas Initiativeâ, establishing an informal platform to strengthen political ties and facilitate cross-border cooperation in the region and implementation of macro-regional projects.
The Northeast Regional Greenhouse Gas Initiative. The Regional Greenhouse Gas Initiative (RGGI) is a cap-and-trade program that covers a single sectorâelectricity generationâin 10 northeastern and mid-Atlantic states. The program aims to achieve a 10 percent reduction in emissions from power plants by 2018.