Capitalizing on Climate Change

One might think that with so much money going to carbon allowances, energy prices in RGGI states would have increased, but a research study by the Acadia Center shows the opposite is true: Electricity prices in RGGI states have fallen by 5.7 percent, as increased energy efficiency has resulted in decreased demand. In the rest of the US, electricity prices haven’t fallen at all; rather, they’ve increased by 8.6 percent in the last decade. CO2 emissions from RGGI electric power plants have also fallen by 47 percent since 2008, dramatically outpacing the rest of the country.

Read the full article from the River Hudson Valley Newsroom here.