15 Nov '11, 1pm

Greenhouse Gas Effort Was a Success, Study Says, Even if Political Winds Blow the Other Way:

Juan Arredondo for The New York Times A lineman installing solar panels in the spring in Totowa, N.J. The Regional Greenhouse Gas Initiative, a 10-state program that has been testing a carbon dioxide cap-and-trade system, may be in trouble, with New Jersey planning to drop out and other states considering doing the same. But a new study says the program has saved money for consumers, stimulated job growth and kept money in local economies in the states that signed up. Power plant owners paid in $912 million over the period studied, from mid-2008 through September. Some of it was spent on projects like improving energy efficiency, some went to unrelated environmental purposes like restoring wetlands and some simply went into general use by the states. The 10 states within the program, known as RGGI (pronounced Reggie) are the six New England states, New York, New Jersey, Ma...

Full article: http://green.blogs.nytimes.com/2011/11/15/greenhouse-gas-...

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Juan Arredondo for The New York Times A lineman installing solar panels in the spring in Totowa, N.J. The Regional Greenho...

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