RGGI is making a difference for New England and Mid-Atlantic households, businesses, farms, and industry.
Released in February 2014, the Regional Investment of RGGI CO2 Allowance Proceeds, 2012 report estimates that investments of Regional Greenhouse Gas Initiative (RGGI) auction proceeds to date are projected to return more than $2 billion in lifetime energy bill savings to more than 3 million participating households and more than 12,000 businesses in the region.
These investments are projected to offset the need for approximately 8.5 million megawatt hours (MWh) of electricity generation, save more than 37 million British Thermal Units (mmBTU) of fossil fuels, and avoid the release of approximately 8 million short tons of carbon dioxide (CO2) pollution into the atmosphere over their lifetime.
The program has powered a $700 million investment in the region's energy future: reducing energy bills, helping businesses become more competitive, accelerating the development of local clean and renewable energy sources, and limiting the release of harmful pollutants into the air and atmosphere, while spurring the creation of jobs in the region.
To read the report executive summary and full report, follow the links below: