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RGGI Report Print Final

RGGI Report Print Final

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Published by jmouleatcity
Environmental Advocates of New York says that the state's participation in a multi-state carbon emissions cap and trade program provides New Yorkers with economic and environmental benefits.
Environmental Advocates of New York says that the state's participation in a multi-state carbon emissions cap and trade program provides New Yorkers with economic and environmental benefits.

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Published by: jmouleatcity on Aug 27, 2013
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12/19/2013

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RGGI
A National Modelfor FightingClimate Change
 
Mission
Environmental Advocates of New York’s missionis to protect our air, land, water, and wildlife andthe health of all New Yorkers. Based in Albany, wemonitor state government, evaluate proposed laws,and champion policies and practices that will ensurethe responsible stewardship of our shared environ-ment. We work to support and strengthen the effortsof New York’s environmental community and tomake our state a national leader.Environmental Advocates of New York 353 Hamilton StreetAlbany, NY 12210Tel 518.462.5526Fax 518.427.0381www.eany.org
 Author 
Conor Bambrick 
Editors
David VanLuvenKatherine NadeauCopyright © August 2013
 Acknowledgments
Environmental Advocates thanks The EnergyFoundation, The Orchard Foundation, TheScherman Foundation, The JM Kaplan Fund, TheWallbridge Fund, The William C. Bullitt Foun-dation, and The Civil Society Institute for their generous support of this work.
Table of Contents
RGGI: A National Modelfor Fighting Climate Change
Executive Summary.................................................1Reshaping New York’s Economy.............................2Success in Every County .........................................6Recommendations & Conclusion...........................11Source Documents..................................................13
 
EXECUTIVE SUMMARY:A MODEL FORCLIMATE ACTION
The Regional Greenhouse Gas Initiative (RGGI)is a work-horse, not a show-horse. RGGI is a nine-state coalition which has capped carbon pollution for energy plants at 165 million tons annually across the Northeast while using money raised from the sale of carbon pollution credits to reinvest back into energy
efciency and renewable energy projects.
In the few years since the program’s inception, RGGIhas become the guiding hand responsible for moving
thousands of important projects in every region, coun
-ty and legislative district from concept to completion.In fact, when President Obama announced his cli-mate change action plan in June, 2013, he referenced12 states which have successfully moved to cut cli-mate-altering carbon pollution from energy producers – nine of which make up the RGGI coalition.The President’s announcement coincides with NewYork’s own efforts to further strengthen RGGI in thewake of the devastation felt by Hurricane Irene, Super-storm Sandy and Tropical Storm Lee.At the time of this writing, Governor Andrew Cuomohas proposed rules that will further lower the amountof pollution energy plants may emit, which will further 
ght climate change, and raise new revenue for the
development of clean, renewable, and homegrown power.Today, when the Governor speaks about breakingdown government’s silos and opening New York for  business, RGGI is a program he can proudly point toas the connective tissue furthering his
 New
New York agenda, rebuilding our state’s economy.As New York prepares to adopt the rules which willguide RGGI during the next several years, it is import-ant to look back at some of the key investments and
community benets delivered from this national model
for tackling the emissions causing climate change.Governor Cuomo has recognized that economic de-velopment and environmental protections must work hand-in-hand, more so than any of his recent predeces-sors.The Governor became a national voice on the need to
ght climate change following Superstorm Sandy. And
he followed up that rhetoric with proposed rules tostrengthen RGGI which will:
• Lower New York’s carbon cap by 45%• Increase greenhouse gas pollution premiums• Continue the state’s commitment to cleanenergy and efciency
 Map of member states
Since inception,RGGI has:
Sparked the development of innovative
 residential building retrot nancing
 mechanismsSupported the conversion of large
 residential buildings to more efcient fuels
Enhanced consumer outreach and education modelsLaunched green economy workforce programsFostered ambitious investments in solar  installation
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