A Change for All
As of now, RGGI reduces the carbon cap by 2.5% each year. However, RGGI can be made stronger by reducing the annual carbon cap to 5%. A study by the Acadia Center calculated that shifting the cap to a 5% annual carbon reduction will provide more than $2 billion in health benefits through 2030, which is more than double the benefits that would be achieved by continuing the 2.5% annual reduction.
Read the full op-ed in the Manhattan Times here.