A regional cap-and-trade program launched in the northeastern U.S. three years ago has saved customers nearly $1.1 billion on electricity bills, helped create 16,000 jobs, and has retained more than $765 million in local economies by reducing the demand for fossil fuels, according to a new analysis.
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Regional Greenhouse Gas Initiative
A carbon cap-and-trade program launched by 10 eastern states in 2008 has generated $780 million in revenues, with more than half of those earnings funding energy efficiency programs.
The Regional Greenhouse Gas Initiative, or RGGI, says that $404 million generated by selling permits to utilities to emit