A new coalition of environmental, business and community groups that launched this week to help support the plan. The plan will be modeled on an earlier effort, the Regional Greenhouse Gas Initiative, that created a cap-and-trade system for power plant emissions in those states. Since that program’s launch, emissions rates in the participating states fell 16 percent more than the national average. Electricity prices also went down for consumers, declining 3.5 percent in the first seven years compared to 7-percent price growth nationwide, according to an analysis [PDF] by the Acadia Center, a clean energy think tank.
Read the full article by Streets Blog USA here.