November 15, 2011
An independent report released by the Analysis Group, a private consulting firm, found overall economic gains of more than $1.6 billion from the first three years of the operation of the Regional Greenhouse Gas Initiative, a regional greenhouse gas (GHG) cap-and-trade program implemented by 10 Northeast and Mid-Atlantic states.
This finding reflects the direct and indirect benefits of investments made by the states from the proceeds of GHG allowance auctions, reductions in fuel costs to consumers from energy efficiency investments, and lost revenue to electricity generators because of reduced electricity demand.
Georgetown Climate Center summarized key findings from the report. To view the summary, click here.