16 Nov '11, 8pm

Turns out cap-and-trade fuels economic growth:

Turns out cap-and-trade fuels economic growth:

Cross-posted from Climate Progress . A new report finds that America's first mandatory, market-based carbon cap-and-trade system added $1.6 billion in value to the economies of participating states, set the stage for $1.1 billion in ratepayer savings, and created 16,000 jobs in its first three years of implementation. Says Susan Tierney, managing principal at the Analysis Group, which produced the report: We tracked the dollars spent, and RGGI [the Regional Greenhouse Gas Initiative] generates greater economic growth in every one of the 10 states that participate in RGGI than would occur without a carbon price. The states' auction of the CO2 allowances was important for generating those public benefits. The Regional Greenhouse Gas Initiative (RGGI) -- a modest 10-state cap-and-trade program designed to reduce carbon emissions in the utility sector 10 percent by 2018 -- was...

Full article: http://www.grist.org/climate-policy/2011-11-16-cap-and-tr...

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