The Regional Greenhouse Gas Initiative (RGGI) is the first mandatory, market-based effort in the United States to reduce greenhouse gas emissions. Ten Northeastern and Mid-Atlantic states haved capped and will reduce CO2 emissions from the [electric] power sector 10% by 2018.
States sell nearly all emission allowances through auctions and invest proceeds in consumer benefits: energy efficiency, renewable energy, and other clean energy technologies. RGGI will spur innovation in the clean energy economy and create green jobs in each state.
Let’s see if we can grasp the so-called agreement reached in Copenhagan.
Many of the Developed Countries (the North) have promised to reduce their greenhouse gas emissions as much as they (comfortably) can in the future.…
Businessweek has discovered the dirty little secret behind he success of Germany’s renewable energy industry.
Germany’s renewable energy companies are a tremendous success story. Roughly 15 percent of the country’s electricity comes from solar, wind or biomass facilities, almost 250,000 jobs have been created and the net worth of the business is €35 billion per year.…
The NYT Green Inc Blog examines arguments for different strategies for reducing carbon—the carbon tax, cap-and-trade systems, and simple regulatory reform. Recent fluctuations in the price of carbon credits in the European markets call into question the ability of cap-and-trade systems to work efficiently during an economic downturn.…
