Toward a Tougher Cap and Trade Program - New York Times (blog): Toward a Tougher Cap and Trade ProgramNew York T...
The multistate carbon trading system known as the Regional Greenhouse Gas Initiative is undergoing its first comprehensive review since it was first put into effect in 2009. While the nine participating Northeastern and mid-Atlantic states, including New York, have found that RGGI (pronounced reggie) has succeeded in producing almost $1 billion for energy efficiency programs and in encouraging reliance on renewable energy, they are considering making some changes. On Monday, the Center for Climate Change Law at Columbia Law School held a panel discussion on RGGI’s future in which various experts, including officials from the energy industry and New York’s Department of Environmental Conservation , took part. They addressed the environmental and economic impact of the program’s cap and trade system, in which a ceiling is set on greenhouse gas emissions and electric utilitie...
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http://green.blogs.nytimes.com/2012/10/26/toward-a-toughe...