A Double Success
Tackling Global Warming While Growing the Economy with an Improved Regional Greenhouse Gas Initiative
The Regional Greenhouse Gas Initiative (RGGI) is a central strategy in the Northeastern states’ efforts to protect the region from global warming.
The program, which took effect in 2009,has succeeded in cutting carbon dioxideemissions and demonstrating the effectiveness
of cap-and-trade as a global warming solution while helping to sustain a growing regional economy.
Now, nine Northeastern states are considering strengthening RGGI to drive additional reductions in global warming pollution. Strengthening RGGI would be a “win-win” for the Northeast, making an important contribution toward protecting the region from global warming while speeding the transition to a clean energy future.
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Environment New Jersey Research & Policy Center