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America’s first carbon-trading program can boast some impressive numbers

Posted on 28 February 2014

How do you turn $1 billion into $2 billion, all the while helping to slow down global warming? By capping carbon dioxide pollution and charging for emissions permits, then plowing the revenues into clean energy and energy-efficiency programs.
The Regional Greenhouse Gas Initiative, a carbon-trading program that covers nine Northeast and Mid-Atlantic states, charged power plants about $1 billion for the right to pollute the climate from 2009 to 2012. Of that, $707 million has so far been invested into green programs, and $93 million has been transferred into states’ general funds, according to a new RGGI report………………………………………..Full Article: Source


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