Greenhouse gas emissions from power plants in the region have dropped significantly since RGGI was formed. Meanwhile, revenue from auctions of allowances (permits to emit CO2) has been invested in energy efficiency and other consumer programs that reduce energy costs while increasing economic output and employment. RGGI-funded energy efficiency programs reduce expenditures for fossil fuels imported to generate power, thus making states more competitive while reducing carbon emissions.
Resources / Resource•Jun 07, 2013
Economic Benefits of RGGI
States participating in the Regional Greenhouse Gas Initiative (RGGI) have gained significant benefits from the program to-date, and far greater benefits will be realized by implementing recently agreed reforms.