Cap-and-trade initiative reports significant progress over three years of activity

Hydrogen fule - carbon capture

RGGI releases report documenting successes The Regional Greenhouse Gas Initiative (RGGI) of the U.S., a nine-state cap-and-trade market that was established in the Northeastern region of the country in 2008, has released a report of its previous three years of activity. The RGGI was formed to reduce CO2 emissions in the region by imposing limits on the levels of the greenhouse gas that can be produced by companies. Businesses in the region are able to trade or purchase additional carbon credits in order to avoid regulatory action from the nine…

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Study shows Northeastern states seeing economic progress with cap and trade program

Renewable Energy Report

Environment New Jersey highlights cap and trade initiative as an economic boon A new report from Environment New Jersey, an environmental advocacy organization, shows that Northeastern states that have been participating the country’s cap and trade initiative since 2000 are showing very promising economic signs of progress. These states are part of the Regional Greenhouse Gas Initiative, which is designed to reduce emissions by 10% by 2018 through the use of a cap and trade plan. The report shows that states participating in this initiative have outperformed those that have…

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