Virginia Forges Ahead on Climate, Clean Energy
The states participating in RGGI have all seen incredible public health and economic gains since the program took effect. A recent report from Abt Associates concluded the reductions in air pollution achieved under RGGI have generated an estimated $5.7 billion in public health benefits.
At the same time, Acadia Center estimates electricity prices in RGGI states fell by 6.4 percent while prices rose by a similar margin elsewhere. Overall, energy efficiency programs supported by revenue raised under RGGI in just its first six years were estimated to yield $1.56 billion in energy bill savings.
On top of this, the RGGI states’ economies outpaced the rest of the nation. By 2016, emissions had dropped by 33 percent, while the RGGI states’ economy grew by 29.7 percent.
Read the full article from Alt Daily here.