By Bob Salsberg – The new rules announced by the Regional Greenhouse Gas Initiative would lower the cap on carbon dioxide emissions from the current 165 million tons to 91 million tons in 2014 — a 45 percent reduction from 2005 levels. The cap would be lowered an additional 2.5 percent per year from 2015-2020.
Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island and Vermont participate in the initiative. They use revenue generated by auctions of the permits to fund so-called green energy programs. more> http://tinyurl.com/awue2bo
- Success of Northeast Regional Cap-and-Trade System Shows Market-Based Climate Policy Is Well Within Reach, Sean Pool, Center for American Progress
- LNG boom may mean emissions rethink, Justine Hunter, Globe and Mail