RGGI Carbon Market in the Northeast : An Example of Decoupled Growth

A July 2015 report from the Acadia Center states that the Regional Greenhouse Gas Initiative (RGGI)  has allowed the Northeast and Mid-Atlantic States to achieve significant reductions in CO2 emissions while providing economic benefits through the reinvestment of the proceeds from the auctions of carbon allowances.   Since 2009, when RGGI began, the emissions in RGGI states dropped by 35% , compared to 12% in non-RGGI states. At the same time, the rate of economic growth in RGGI states was 21.2%,   compared to 18.2% in non-RGGI states. Read RGGI: A Model Program for the Power Sector -2015 Update

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s