According to Acadia Center, from 2008 to 2015 Co2 emissions dropped 30 percent in RGGI states compared to 14 percent in the rest of the country, excluding California, which has its own cap and trade program. During the same period, economic growth totaled 24.9 percent in RGGI states, compared to 21.3 percent in other states. According to a 2015 study, Co2 emissions would be 24 percent higher in RGGI states without the program. In addition, the auction proceeds have generated over $2.58 billion used to support investments in energy efficiency, renewables, greenhouse gas abatement and direct bill assistance. These reinvestments have contributed to lower utility bills and job creation.
Read the full blog post from The Hill here.