This new state program would set more aggressive emissions-reducing targets than RGGI uses. Since RGGI was created in 2009 to cut utility-sector carbon emissions, the states in the regional compact have cut their carbon emissions from electric generation by 37 percent and reduced electricity prices by 3.4 percent. At the same time, the state’s economies have grown 3.6 percent faster than states outside the compact, according to a study by the clean energy nonprofit Acadia Center.

Read the full article from ThinkProgress here.