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Second Program In The World To Regulate Emissions.pdf

Acadia-Center_RGGI_10-Years-in-Review_2019-09-17.pdf

Preview of second program in the world to regulate emissions

🔗 Source: acadiacenter.org

📊 Size: 1.33 MB

👤 Author: Jordan Stutt

⬇️ Downloads: 77

Summary

The Regional Greenhouse Gas Initiative (RGGI) has helped Northeast and Mid-Atlantic states achieve significant reductions in CO2 emissions from the electric power sector, with a 47% decrease since 2008, outpacing the rest of the country by 90%. The program has also led to a 5.7% decrease in electricity prices, a 47% increase in GDP, and $3.2 billion in allowance auction proceeds, mostly invested in energy efficiency and renewable energy. RGGI-driven reductions in co-pollutant emissions have resulted in $5.7 billion in health and productivity benefits. Despite these successes, the program needs to be strengthened with a more ambitious cap on emissions to achieve the region's economy-wide GHG reduction goals, with a proposed 2030 cap of 35.8 million short tons, 35% lower than the current cap.

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Description

The Regional Greenhouse Gas Initiative (RGGI) has helped Northeast and Mid-Atlantic states achieve significant reductions in CO2 emissions from the electric...

Technical Information

File Format: PDF
File Size: 1.33 MB
Pages: 11
Language: EN
Author: Jordan Stutt
Total Downloads: 77
Last Updated: 4 hours ago

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