Latest / News•Jul 28, 2016
Report: RGGI resulting in emissions reductions, lower electricity costs
BOSTON – A new report examining the effects of the Regional Greenhouse Gas Initiative, a coalition of Northeastern and Mid-Atlantic states, including Rhode Island, shows participating states are outpacing other parts of the country for both emissions reduction and declining electricity prices.
Acadia Center, a nonprofit advocate of low-carbon energy, released the report, showing the region has realized a reduction in carbon emissions in each of the last five years, and is down 37 percent since the program launched in 2009. The coalition, known better as RGGI, is a mandatory cap-and-trade market comprising nine states, including all of the New England states, Delaware, Maryland and New York.
Read the full article at Providence Business News.