Posts Tagged ‘RGGI’

MA sets standards to meet Green Communities Act goals

lampadina+fiore (lighbulb+flower) by Danilo Rizzuti The New York Times reports today that Massachusetts officials have announced new energy standards to meet the goals set forth by the Green Communities Act of 2008.

Regional carbon market developments

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.