From 2008 to 2015, RGGI states have seen their economies grow faster than the rest of the country, while decreasing emissions twice as quickly, according to the first of a two-part report from Acadia Center looking at what RGGI has done so far.
The second part of the report, due out later this month, will look at what RGGI needs to do going forward.
According to Peter Shattuck, director of Acadia Center’s Clean Energy Initiative, RGGI negotiators have already suggested the 5 percent annual decrease in carbon credits — and they are considering a 10-year extension on the program.
“The fact that they are considering a more ambitious rate of decline is a first step,” Shattuck said. But he was quick to add that complying the the Clean Power Plan is only one part of lowering emissions.
Read the full article at http://thinkprogress.org/climate/2016/08/02/3803740/rggi-extension-considered/.