If it wasn't for the RGGI, all the coastal areas of the USA would look like the above image but the RGGI has helped reduce the power plants and factories' greenhouse emissions. This is the first program in the United States to limit global warming emissions and sell permits to emit carbon emissions.
Basically this initiative pays power plant companies who keep their greenhouse gas emissions below a certain level. The companies would then be able to invest the money they receive in efficient energy use and clean energy initiatives. Some states have even been able to use the money to average they overall budget.
Between 2009 and 2011, the RGGI has had several benefits to the general public:
- It made approximately $1.3 billion in lifetime energy bill savings for utility customers.
- It returned $69 million in bill credits to an estimated 84,000 low income families.
- It also helped about 2,400 workers secure training in clean energy job skills
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