A recent Acadia Center report shows that by capping transportation carbon dioxide emissions, auctioning allowances, and investing proceeds — much like Connecticut already does for power plants emissions — the state could generate $2.7 billion in auction proceeds through 2030. Reinvesting these funds across the state’s transportation system would generate 23,000 long-term jobs; $2.2 billion in new wages; $7 billion in new business sales; and $4.3 billion in other benefits, including reduced air pollution. Read the full article from the Hartford Courant here.
The Transportation and Climate Initiative will deliver economic, health and environmental benefits. As Mainers take to the roads, skies and tracks for the holidays, ‘tis the season to contemplate resolutions for the New Year and beyond. While most envision exercising more, quitting smoking or spending more time with loved ones, Gov. Mills, the Maine Legislature and the Maine Climate Council are grappling with how to reduce the state’s climate pollution and transportation costs in an economical, efficient and equitable manner. Read the full article from the Portland Press Herald here.
The Legislature had rejected amendments to the annual budget that would have provided more funding for the five-year-old program, and officials from the Acadia Center and Conservation Law Foundation were calling on public officials to find new sources of funding. Read the full article from the Worcester Business Journal here.
“When we’re going backward at the federal level, for states to step up and take action on climate, take steps to modernize our transportation system, it’s just an unprecedented opportunity,” said Jordan Stutt, carbon programs director at the Acadia Center, a research and public interest group in New England that is pushing for cleaner energy. “If designed well, this can be the most significant sub-national climate policy ever.” Read the full article from The New York Times here.
The transportation program is based on the Regional Greenhouse Gas Initiative, a 2009 agreement to cap and trade power plant carbon emissions in nine Northeast states including Maine. Since its inception, CO2 emissions from power plants fell 47 percent, according to an analysis by the Acadia Center, a clean energy research group. Read the full article from Central Maine here.
Bridgeport looks to become a hub for offshore wind in Connecticut, with its Park City Wind project expected to deliver 14% of the state’s electricity supply. That is, if the offshore wind farm can get federal approval. Our guests: Jan Ellen Spiegel, energy and environmental reporter, Connecticut Mirror David Arconti, representative, D-Danbury, and chair, Energy and Technology Committee, Connecticut House of Representatives Deborah Donovan, senior policy advocate and Massachusetts director, Acadia Center Michael Passero, mayor, City of New London Listen to the episode from The Full Story here.
RGGI has been in effect since 2008, and a recent review by the Acadia Center of the program’s first 10 years found that: CO2 emissions from RGGI-covered power plants have fallen by 47 percent outpacing the rest of the country by 90 percent, while reductions in other air pollutants from these plants have resulted in over $5.7 billion in health and productivity benefits Electricity prices in RGGI states have fallen by 5.7 percent, while prices have increased in the rest of the country by 8.6 percent The combined economies of the RGGI states have grown by 47 percent, outpacing growth
“The poll shows that people across the region want proactive leadership to address our transportation and climate challenges. We need bold solutions to make the shift to a clean transportation future, and an ambitious TCI program can jumpstart that transition.” — Jordan Stutt, carbon programs director, Acadia Center. Read the full article from ValueWalk here.
“The poll shows that people across the region want proactive leadership to address our transportation and climate challenges. We need bold solutions to make the shift to a clean transportation future, and an ambitious TCI program can jumpstart that transition.” — Jordan Stutt, carbon programs director, Acadia Center. Read the full release from Our Transportation Future here.
As Acadia Center has examined the path to a rapid transition away from fossil fuels, it has considered the potential for hydroelectric energy from existing impoundments to replace some of the fossil fuels used in the Northeast’s energy mix. The Northeast is currently heavily reliant on fossil fuels, especially natural gas, for electricity generation. According to multiple studies, when electricity comes from excess generation at existing hydro impoundments, it results in dramatically lower carbon emissions than electricity generated by fossil fuels., Beyond the question of whether carbon emissions from hydro are lower, Acadia Center has been open to hydropower imports