Friday, August 25, 2017

Cap and trade helps the economy in NE

There is a regional cap and trade system to reduce greenhouse gases in the NE of the US. Known as the Regional Greenhouse Gas Initiative or RGGI (pronounced Reggie), it's been quite effective in reducing greenhouse gases.
"RGGI is credited with reducing average utility bills by 3.4 percent across the region, driving $2.7 billion in revenues to be reinvested into public projects and creating at least 30,200 new jobs over the past eight years."

 Recently they set tougher standards which will reduce greenhouse gases 65% by 2030 from their baseline.

Northeast States Just Delivered A ‘Major Victory’ Against Climate Change - HuffPost

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