Peter Shattuck, director of the Clean Energy Initiative at the Acadia Center, calls the agreement a major victory for bipartisan action to address climate change.
“This shows that northeast states are stepping up to fill the void left by the Trump administration’s irresponsible and misguided efforts to roll back every major environmental protection on the books,” he states.
RGGI estimates that extending the cap will bring carbon emissions in the region down 65 percent from 2009 levels. The Trump administration argues that environmental regulations hinder industrial development and economic growth.
The nine RGGI states together comprise the sixth-largest economy in the world, and Shattuck says RGGI’s record of pollution reduction and economic growth proves that the cooperative’s approach to fighting climate change can work.
“It puts a price on pollution, which unleashes innovative ways to avoid that pollution,” he points out. “And that’s what we’ve seen from RGGI and other market-based programs.”
But he cautions that the even these further carbon reductions by RGGI aren’t enough to slow global climate change. Shattuck says more states need to join in the effort, and move beyond RGGI’s mission of cutting power-plant pollution.
“This step helps clean up the electric sector, but we’re also going to need to tackle transportation, which is the largest source of climate pollution in the region and now, the country as a whole,” he stresses.
Read the full story from Public News Service here.