| An ambitious cap and trade scheme is celebrating its fifth birthday in nine north-eastern and mid-Atlantic US states. Critics wrote the Regional Greenhouse Gas Initiative (RGGI) off when it started trading in 2008, but the USA’s first market-based regulatory programme to reduce greenhouse gas emissions shows little sign of collapse.
Its 21st auction of CO2 allowances earlier this month generated $102.5 million for reinvestment towards energy efficiency, renewable energy, direct bill assistance, and greenhouse gas abatement programmes.........................................Full Article: Source |